6 Monster Stock Market Predictions for the Week of June 24
I give to you five stock market predictions for the week of June 24. Have a great Saturday, see you on Sunday!

6 Monster Stock Market Predictions for the Week of June 24

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 June 24 – Stock Mentions: SPY, NFLX, TSLA, AMD, BYND, ROKU

Michael Kramer and the clients of Mott Capital own TSLA and NFLX

Stocks had a solid showing this week, and that is likely to continue when the week of June 24 starts. However, there is the potential for a minor pullback. The chart below shows that we are in the early stages of what may be a rising wedge pattern. It would suggest that the index continues to rise through June 26 and then set up for a potential pullback, which could result in a drop to around 2,940. (See Premium content: Stocks May Still Have Further To Rise)

S&P 500, spx

It would certainly not be the worst scenario. I wouldn’t mind a drop to around 2890 either, allowing for a gap fill.

Netflix (NFLX)

Netflix pieced together a solid showing this week and appeared to have broken free of its falling wedge. For now, $378 is the upper end of the range. But what may be more critical is that the relative strength is breaking free of its downtrend and that may be the essential aspect from NFLX this week.

netflix, nflx


I’d be careful with AMD the week of June 24 because the long term downtrend is breaking on the RSI. Meanwhile, the uptrend on the RSI is now breaking too. That means AMD may see  $25.70 in the future.

tsla, tesla, stock

Roku (ROKU)

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Roku is falling out of its rising wedge, and I think that means the stock is starting its decline. I’m not saying the stock falls to zero, just $94. We can see the RSI has now turned lower too.

roku, roku

Beyond Meat (BYND)

Beyond Meat fell below $154, and that means $124 is next.

beyond, meat

Tesla (TSLA)

Tesla is still struggling at the downtrend, which has me concerned that TSLA may head back to $205. I’m on the fence now. We need some positive news to push the stock over resistance.

tesla, tsla

Have a good Saturday.


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.

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