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Subscribe →For the Week of October 7 – Stock mentions: SPY, AMD, SHOP, FCX, AAPL, DIS, NFLX
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If you didn’t have the chance to listen to the podcast for the week ending October 4, you can so by just clicking the orange play button below. You can listen to while you read my 7 Monster Stock Market Predictions for the week of October 7.
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S&P 500 (SPY)
The S&P 500 had a strong come back last week despite some dissappointing news. I believe the strong finish from last week helps to push the index higher the week of October 7, with the S&P 500 climbing back to resistance at 2985.
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AMD (AMD)
AMD had a nice turn around this past week after falling to the support level we had been targeting at $27.40. I think it continues to move higher. I have seen a lot of bullish betting in the stock over the past week or so. The next level I’m looking for is at $29.40, then $31.40. Here is the free article I noted the bullish betting. AMD’s Recent Sell-Off May Be At Its End
Shopify (SHOP)
Shopify also had a strong come back this week, and I think we rise towards $333 then $340. I noted the break out in a premium article on Thursday – Shopify Breaks Out
Freeport (FCX)
The options activity in Freeport is picking up again; the last time we saw this bullish activity, the stock ran to $11. I talk more about the bullish betting this week in a premium story on Friday, FCX May Be Setting Up Another Run Higher, but in the meantime, I think $9.25 seems like a reasonable level for the stock to rise too.
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Apple (AAPL)
Apple finally rose above $226, and I think this sets up a run back to the all-time highs around $234.
Disney (DIS)
Disney looks like it held support at $127, and may narrowly escape filling the gap. I think the stock heads back towards $133.
Netflix (NFLX)
Netflix finally got back to $273, and I think this sets up an increase to $285.
Have a great weekend!
-Mike
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