9 Monster Stock Market Predictions For The Week of April 13
Here are nine monster stock market predictions to get your week of April 13 going as we enter the start of the first quarter earnings season.

9 Monster Stock Market Predictions For The Week of April 13

Stocks – NVDA, AMZN, FB, BAC, BABA, TSLA

Macro – SPY, IWM

This week I will be hosting a live Webinar along with a Q&A session. If you’d like to participate you can sign-up for my premium service on Seeking Alpha and StockTwits, I am offering a free 2-week trial for those that would like to give a try. 

Here are some recent titles:

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN TESLA

S&P 500 (SPY)

This week kicks off earnings season, and that means the volatility may once again pick up in the stock market. The S&P 500 appears to have a bearish reversal pattern known as a rising wedge, and it suggests that the index may be due to drop this week. It could result in the index filling the technical gap at 2,450.  Premium content – Short-Term Rally May Be Coming To An End

S&P 500 (SPY)

20-Day Moving Average

Another negative indicator is that number of stock in the S&P 500 above their 20-day moving average is at 98.3%. That is the highest reading ever!

20 day moving ave

Russell 2000 (IWM)

There is also the same bearish pattern that has formed in the Russell 2000, the rising wedge. It indicates the index drops to around 1,160.

russell, rut

Nvidia (NVDA)

Nvidia may move lower this week, I noted some bearish options betting in this past week, and the stock could have a considerable drop ahead with support at $218. Big Bets Nvidia’s Stock Drops

Nvidia, nvda

Amazon (AMZN)

Amazon also has that same rising wedge pattern, and it too could be suggesting that Amazon is due to correct back towards $1825.

amazon, amzn

Facebook (FB)

Facebook also has that similar pattern, and it could even be a bear flag, setting up a decline to around $140.

facebook, fb

Bank of America (BAC)

Bank of America reports results this week, and it has successfully filled the gap up to $25.20, and with a break of the uptrend, the stock could fall back to $19.60. 

bank of america

Alibaba (BABA)

Alibaba also has a rising wedge in the chart and suggests a gap fill down to $188.

baba

Tesla (TSLA)

If Tesla can get back above $595, it has room to climb to around $640.

tesla, tsla

That’s going to be all, enjoy your Sunday!

-Mike

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.