History Suggests Long-Term Trends For Stocks Still Intact
Monster Market Commentary

10 Monster Stock Market Predictions For The Week of April 6

Stocks – AAPL, NVDA, AMD, JD, BA, NFLX, AMZN, ROKU

Macro – SPY, SMH

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN AAPL

The free morning audio files will be ending. It seems to have mixed reviews, and so if you liked them, you could still hear them by signing-up for my Reading The Market service. The first two weeks are free to try if you sign-up by Sunday night by 9 PM. Here are some recent titles: 

Also, given that schedules have changed for the foreseeable future, I am considering bringing back the written morning commentary. It may not be every day, but with schools closed, my mornings have freed up. 

S&P 500 (SPY)

The big daily price swings appear to be calming down, but that doesn’t mean the S&P 500 can’t continue to fall. Which I think it does, again heading towards the big gap fill around 2,270.  Premium story –  History Suggests Long-Term Trends For Stocks Still Intact

Semis (SMH)

The Semiconductor ETF, SMH, looks very weak and appears to have a double top pattern on the intraday chart. I think that means the ETF falls back to support around $98. 

Apple (AAPL)

Apple failed to rise above resistance at $258 and is likely to result in the stock testing support again around $210. 

Boeing (BA)

Boeing has risen sharply over the past two weeks, but nothing has changed, and I think that it means we move back to $102.75. 

Amazon (AMZN)

I think Amazon cracks this week; the stock has struggled to get back over $2000, and a drop back to the $1840 region seems reasonable. 

Netflix (NFLX)

Netflix has started trending lower, and the RSI is moving lower, too, suggesting momentum is leaving shares. I think the stock drops back to $336. 

Roku (ROKU)

I think Roku is still heading lower too, back to $71. The RSI is pushing lower here also. 

JD (JD)

Meanwhile, JD is sitting on support at $40.00 and could be heading lower back towards $36. 

AMD (AMD)

I think AMD is heading back to support at $38.40. 

Nvidia (NVDA) 

I think Nvidia fills the gap around $218. 

Have a great Sunday!

-Mike

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