Home » 8 Monster Stock Market Predictions For The Week of September 9

8 Monster Stock Market Predictions For The Week of September 9
The week of September 9 will be a busy one for the stock market; I give 8 monster predictions to start the new week.

8 Monster Stock Market Predictions For The Week of September 9

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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For the Week of September 9 – Stock mentions: SPY, AMZN, CSCO, AMD, NVDA, BABA, JD, INTC, FCX

Michael Kramer and the clients of Mott Capital own CSCO

The Podcast For The Week of September 9:

The week of September 9 will be a busy one for the markets with the ECB announcement on Thursday. It is widely expected that the ECB will cut the deposit rate by ten basis points, to negative 50 basis points. It is also expected that they will restart QE.  It could provide a significant tailwind to the equity market. (premium content: The Week Of September 9 Will Be A Big One

S&P 500 (SPY)

The S&P 500 cleared three major hurdled last week as I talked about in yesterday write up. You can listen to it in my podcast above. My expectation is for the index to continue to trend higher towards 3,000.

S&P 500, spy

Amazon (AMZN)

Amazon had a good week increasing above resistance at $1825; we can see it even acted as support later in the week. I think that pushes AMZN up towards $1900. But I have been saying that for weeks.

Amazon, amzn

Cisco (CSCO)

Cisco is also starting to look much better, with a stock that is approaching resistance at $49.30. Should CSCO break out above that resistance it could result in CSCO rising back to $51.

cisco, csco

AMD (AMD)

The chart for AMD doesn’t look right, with strong resistance around $31.40. I’m torn because the sector has been hot, but the chart for AMD seems lousy. I think it falls this week to $29.40.

amd

Nvidia (NVDA)

Nvidia jumped over resistance at $178, and that may help to shares up to $198.

Nvidia, nvda

Alibaba (BABA)

Alibaba is at resistance at $179, and now with the trade war worries on hold, a break out sends the stock higher towards $188.

alibaba, baba

JD (JD)

JD is once again back to resistance at $31.50, and every time it gets there, it fails. Not this time. This time, I think the stock is going to break out and rise finally, towards $34.80.

jd

Intel (INTC)

Intel is close to breaking a downtrend which could send its stock higher towards $53.60.

intel, intc

Freeport McMoran (FCX)

Freeport McMoran could be heading higher too, as it to break above resistance at $9.50. I saw some big options late last week in this name. Premium content:  Why Freeport And Copper May Be Heading Higher

freeport, fcx The week of September 9 will be a busy one for the stock market; I give 8 monster predictions to start the new week.

Have a great Sunday!

-Mike

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