Home » 9 Monster Stock Market Predictions For The Week of January 21

9 Monster Stock Market Predictions For The Week of January 21

9 Monster Stock Market Predictions For The Week of January 21

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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Michael Kramer and the clients of Mott Capital own Apple, Netflix, and Tesla

It will be a short trading week with Monday closed for Martin Luther King Jr. day. It will also be a relatively light week for economic data in the U.S.. with the Markit Manufacturing and Services PMI’s on Thursday.

S&P 500 (SP500, SPX)

The S&P 500 is approaching a significant level of technical resistance and downtrend at 2,690. If the index can manage to rise above that level, it likely triggers a much bigger rally, perhaps to 2,800.

spx, sp500, S&P 500

NASDAQ (IXIC)

The NASDAQ has already risen above its downtrend and is likely a positive sign that index can continue to increase. Additionally, it is likely to serve as a positive sign for the S&P 500.

spx, sp500, S&P 500

Tech Sector (XLK)

The technology ETF (XLK) is also nearing a potentially big break out at $65.50.

technology, xlk

Consumer and Industrials (XLY, XLI)

The consumer discretionary ETF (XLY) is also breaking out, as it the industrial ETF (XLI)

industrial and discretionary, xli, xly

Microsoft (MSFT)

Microsoft has been steadily rising and may be on its way to around $112. The RSI is also nearing a potential break out, which could be a positive sign for the long-term uptrend in the stock.

msft, microsoft

Apple (AAPL)

Apple has risen above a critical level of resistance at $155, and should it manage to rise above $163; it has room to move up to $182.

Apple, aapl

Amazon (AMZN)

Amazon is the largest stock in the consumer discretionary sector, and the big hurdle for Amazon doesn’t come until $1,770.

amazon, amzn

Netflix (NFLX)

Netflix successfully refilled a gap at $335, and it held firm on Friday.  If the stock falls below $335, it could drop to around $329. But it seems more likely the stock retest resistance at $355 and moves on to $380.

netflix, nflx

Tesla (TSLA)

Tesla fell hard on Friday following some less than clear news about its fourth quarter profit. But then again, it doesn’t take much for the short-sellers to get into motion. $300 has been a significant level in the past; I don’t see any reason the stock can’t continue to hold support at $300.

tesla, tsla

Square (SQ)

Square broke out in a big way last week, and should it rise above $75, it could be on its way to $83.

square

Roku

Roku still can’t get over $43, and I continue to believe the stock is heading lower to $34.

roku

Micron (MU)

Micron is once again trying to break out, and jump above $37, pushes the stock up to $40.25.

micron, mu

Regeneron (REGN)

Could be on its way towards $440.

regeneron, regn

Good Luck This Week

-Mike

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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.