8 Monster Stock Market Predictions For The Week of December 16
Here are 8 monster stock market predictions to get you through the week of December 16, including ACAD, AAPL, AMZN, NFLX, FCX, MU

8 Monster Stock Market Predictions For The Week of December 16

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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DECEMBER 15, 2019




S&P 500 (SPY)

Stocks are on a path higher, with the S&P 500 rising to close at a record high this week at 3,169. The patterns in the chart suggest the market continues to climb this week, heading towards 3,200.

S&P 500, spx

Dollar Index

The dollar index should be on everyone’s watch list this week. The index fell below uptrend, and is testing support 96.50. A drop below 96.50 can really get the dollar moving lower towards 94. One should not underestimate the power the dollar has to move commodity prices and to stock inflationary forces. I talk alot more about the dollar in this video segment from Friday. What A Weakening Dollar In 2020 Means For Investors

dollar index, dollar

Freeport (FCX)

Freeport is one stock to keep on your radar if the dollar weakens this week. The stock is testing resistance at $13.20 and could be on its way to $13.80. I was seeing bullish betting in the stock earlier this week, but that was around $12.80. Then again, I have been seeing bullish betting in the stock since September 6, when the stock was only $9.50. Why Freeport And Copper May Be Heading Higher

Freeport, fcx

Netflix (NFLX)

Netflix has a bullish uptrend that has formed, and I have recently seen some bullish options betting that suggests the stock rises to around $316.

netflix, nflx

Amazon (AMZN)

Amazon also appears to be showing some bullish trends as well, along with bullish options betting. It suggests the stock finally push up to around $1840 for starters. Amazon Is Seeing Bullish Betting, Suggesting 7% Increase

amzn, amazon

Acadia (ACAD)

It looks like the lazy trader or the “set it and forget it” Algo, have been cleaned up in Acadia. Now the stock appears to be forming a double bottom and likely push higher once again towards $48. I love it when people email me to tell me how the CEO sold some stock. Big deal. He acquired 150,000 for $19.65 and sold them around $52, can you blame him?! Not to mention, it was part of a 10b5-1 plan that was instituted on August 22. The guy only owned 1.4 million shares in April, when they filed the proxy statement. There have been a whole bunch of insider sales recently, all part of 10b5-1 plans.

acadia, acad

Apple (AAPL)

I think Apple trades sideways this week or lower towards $268.

apple, aapl

Micron (MU)

Micron will report results this week, and I think the stock heads to $54. The trends have changed. Premium content – Micron And The Dollar On Watch For The Week Of December 16

micon, mu

Have a great Sunday!


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.