5 Stocks Nearing Monster Break Outs For The July 16 Trading Session
AMD, AMZN, TSLA, DELL, and AMAT are all quietly setting up to take their next move higher, and it that may come on July 16.

5 Stocks Nearing Monster Break Outs For The July 16 Trading Session

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!

Subscribe to the Monster Stock Market Commentary to get the Daily Monster Market Commentary and join the 2,936 subscribers getting it for FREE!

July 15 – Stock mentions: SPY, IWM, AMD, AMZN, TSLA, DELL, AMAT

Michael Kramer and the clients of Mott Captial own TSLA

S&P 500 (SPY)

It was a lackluster trading session on July 15, with the S&P 500 finishing the day unchanged. You can look at this market and say it lacks enthusiasm, or you can look at the market and say that the market is robust. Strong enough that big moves up aren’t followed by days of consolidation lower, but instead days of consolidation sideways. It would suggest to me that this an equity that wants to go higher.

The trend in the S&P 500 is higher, and based on the current trend, the index is likely to take its next leg higher by midday tomorrow. Again, I continue to believe this is an index that is heading towards 3,050 to 3,055.  See premium content: Never Short A Dull Market?

S&P 500, spx

Russell (RUT)

The Russell continues to trend higher too, but it appears this one needs to consolidate for a few more days before it moves up. Based on the chart perhaps by July 18 or 19.

russell, 2000


AMD continues to perform very well, and the stock is now within striking distance of breaking out. I continue to believe that the stock rises above $34.50 and push on to $36.25.


Dell (DELL)

Subscribe to the MCM Stock Market Commentary to get it Daily and join the 2,936 subscribers getting it for FREE!

Dell continues to rise and is moving towards resistance at $55.40.  The stock appears that it is getting ready to break out and move higher towards $61. I noted some bullish activity today in a premium write up. Update: Postive Trends For Dell Emerge

Amazon (AMZN)

Amazon continues to consolidate but looks like it’s getting ready to make its next move up. I’m still looking for AMZN to rise to around 2,060.

Amazon, amzn

Tesla (TSLA)

Tesla is rising above $250 today, breaking out, without much fanfare.  I believe the next stop is $260 and could be as high as $268. I noted this in my latest TSLA write-up on July 10. Tesla Stock Is Seeing More Bullish Option Betting

tesla, tsla, stocks

Applied Materials (AMAT)

Applied Materials appears it is getting ready to break out and rise above $47.70 and push higher towards $51.

amat, applied materials, stocks, tsla

Have a great day.


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.