8 Monster Stock Market Predictions for The Week of December 2
The week of December 2 will be a busy one for the stock market, and I give you eight predictions to start it off.

8 Monster Stock Market Predictions for The Week of December 2

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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S&P 500 (SPY)

It will be a busy week for economic data with the ISM reports and plenty of job data. It is likely going to decide which way the markets go. But then again, the market knows weak data will force the Fed’s hand to take action. So it could be the return of bad news is good news, and good news is good news and a win-win situation for stocks.

However, we can see the S&P 500 has been rising in a channel, and at least based on the chart, every time we have gotten to the upper end of the channel, the market has traded sideways or lower until reaching the lower end of the channel. That is likely to happen here too.

It will also give the RSI a chance to come down from overboguht levels, at 70.

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Biotech (XBI)

The XBI is completely overbought now and is butting up against resistance at $94. I think the ETF pulls back some and refills the gap at $89.

Semis (SMH)

The SMH appears to be struggling at resistance at $135, and I think it is likely heading back to $130.50.


Facebook (FB)

Facebook is butting up against resistance around $203, and I think the stock fails to break out and moves lower to $191. 


Alibaba (BABA)

Alibaba is hitting up against resistance, too, and I think it heads lower back to $188.

Beyond Meat (BYND)

Beyond Meat looks like it starting to turn higher in an attempt to fill the gap up to $100.

Netflix (NFLX)

Netflix as broken free of its downtrend on the RSI, and I think the stock is heading higher to $330.

Amazon (AMZN)

Amazon also broke free of its downtrend on the RSI, and I think the stock is heading back to $1900.

Good Luck this week


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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