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.
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July 23 – Stock mentions: SPY, BABA, NVDA, FB, INTC, MSFT
Michael Kramer and the clients of Mott Capital own MSFT
- S&P 500 Futures +9 points
- US 10- Year 2.06%
- US Dollar 97.48
- Oil $55.94
- VIX 13.23
- Shanghai +0.45%
- HSI +0.34%
- Nikkei +0.95%
- KOSPI +0.39%
- FTSE +0.61%
- DAX +1.75%
Premium Content: Why Amazon May Drop
Stock Market Predictions for July 23:
S&P 500 (SPY)
S&P 500 is pointing to a higher opening and set up to do battle today with resistance around 3,000 and the downtrend. We should find out relatively early on which way the index is heading. I noted last night that an increase above 3,000 signals a breakout and potential for a further rise. However, should it fail it could signal a steeper drop is on the way.
Alibaba’s stock appears to be getting ready to take its next leg higher towards $183.
Facebook is rising and is now attempting to break out at $203. I continue to think FB could head towards $218.
Nvidia looks as if it getting ready to move towards $178.
Microsoft is beginning to look more and more like it is heading for its next leg higher, not lower. A change from my view yesterday, yes, I am aware.
Should Intel rise above $52.50 the stock can work to fill that gap at $57.25
Have a good 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.