Home » 11 Monster Stock Market Predictions For The Week of October 21

11 Monster Stock Market Predictions For The Week of October 21
The week of October 21 will be busy with earnings season in full effect. I give you 11 monster stock market predictions to start it off.

11 Monster Stock Market Predictions For The Week of October 21

This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.

Otherwise, enjoy the column!

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For the week of October 21

STOCK Mentions: BA, JNJ, TSLA, AAPL, VZ, NFLX, ROKU, OKTA, ZS

MACRO Mentions: SPY, QQQ

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN AAPL, VZ, NFLX, TSLA

TOP PREMIUM READING THE MARKETS CONTENT FOR THE PAST WEEK: 

MACRO

S&P 500 (SPY)

The week of October 21 will be busy with earnings season in full effect. However, the market left off on Friday in a precarious spot and is likely to continue to move lower when it resumes on Monday. The S&P 500 trend has changed and has shifted lower, and that means the index may continue to decline towards 2965 or as low as 2940 to start this week.

S&P 500, spy - chart showing that lower price may lie ahead for the index

NASDAQ (QQQ)

We can see the NASDAQ also struggled to regain positive momentum on Friday, failing at resistance around 8,110.

nasdaq,  chart showing the index failed at resistance

STOCKS

Boeing (BA)

Boeing fell apart on Friday, and it will put additional pressure on the company when they report results this week. The chart looks broken, and as I said to a subscriber mid-week, the stock looks like it could fall to $320. That was before Friday’s sell-off.

boeing, ba chart shows that the stock may fall to $320

Johnson and Johnson (JNJ)

Johnson and Johnson has a ton headline risk now, and if the stock falls below $ 126.50, a move to $122 seems likely. But after $122 could mean a drop to $111.

jnj, chart showing a decline to potential $111

Tesla (TSLA)

Tesla has been rising steadily, but it has been unable to rise above $267 so far. It needs to rise above that level to push towards $300. I think this week it breaks out and that big push higher begins.

tesla, tsla chart showing the stock is nearing a break out at $267

Verizon (VZ)

Verizon closed at its highest price since the year 2000, and now maybe heading to a record high at not seen since 1999.

verizon, vz

Apple (AAPL)

So much for Apple falling as I thought. Now it seems to be getting ready for its push to $242.

apple chart showing the shares may rise to $242

Netflix (NFLX)

Netflix tested and is holding the break out at $273, the trend higher continues with the stock pushing back to $320 this week.

netflix may head back to $320 this week

Roku (ROKU)

Roku got back to and failed at resistance around $143. I think the stock continues to fall, dropping back to $122.

roku, roku

Okta (OKTA)

The chart for OKTA does not look good, with a chance to push even lower towards $87.25.

okta

Zscaler (ZS)

Zscaler has to hold $42.70, or else $34.75 seems possible.

zs

Have a great week

-Mike

 

Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future results.