Buy Oracle And Meta Platforms

June has traditionally been the second weakest month after September. The Dow Jones average has traditionally been down. Analysis of the S&P 500 over more recent years suggests a more positive tone to this month. I am leaning toward the latter and more bullish interpretation. Note that the third week of the month has been the most bearish in June.

Oracle
ORCL
is top ranked in the Cycles Research cycles/relative strength screen for the S&P 500.

The daily graph below shows that the stock has been outperforming. Absolute and relative price have both hit new highs. June has been the strongest month to hold these shares, up 66% of the time for an average gain of 5.8% over 38 years. The stock is due to exceed $110 over the near term and to be higher by month’s end.

The monthly graph reveals a relative strength breakout that implies about 5 to 6 years in relative outperformance.

ORCL Daily Graph

ORCL Monthly Graph

Meta Platforms
META
has been hitting new highs in absolute and in relative strength. Over the last 11 years, the share price has risen about 75% of the time in June. This month has been the center of the annual February-August seasonal rally. From June 13^th to July 25^th, the stock has risen in each year of the last 11. META is likely to rise closer to $300.

META Daily Graph

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