Stocks March Higher With More to Come The Week of December 23
Stocks pushed last week, with the S&P 500 closing at a new all-time high. Signs suggest more gains lie ahead for the week of December 23.

Stocks March Higher With More to Come The Week of December 23

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 21, 2019





For most people the Flu would be enough to sideline them. But even with a 102 fever the Monster Market Commentary gets pushed out, because the market waits for no one. 

S&P 500 (SPY)

Stocks continued to push higher this past week, with the S&P 500 rising to 3,220. The index managed to avoid the potential rising wedge pattern; I was watching, and instead pushed higher above the upper end of the trading channel that formed on November 4. The good news is that stocks are likely to continue to rise this week with the potential for the S&P 500 to rise to around 3,255.

S&P 500, spx

Russell (IWM)

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The Russell also finished the week off higher, closing right at resistance at 1673. I continue to prefer the Russell over the S&P 500 into year-end. I think Russell can rise to around 1710, and it has more ground it needs to cover. That is likely one reason why I have held on to my January $166 IWM calls.

iwm, russell

Netflix (NFLX)

Netflix had a great week rising back to resistance at $336. I had noted earlier this week in a mid-day commentary that I thought if the stock could get over $336, it could look to fill the gap up to $362.

netflix, nflx

Tesla (TSLA)

Tesla is also rocketing higher, and based on some bullish options activity and the chart, I think there is a chance to increase to $423. Premium Content- Tesla’s Stock May Continue Higher On Bullish Change In Trends

tesla, tsla


AMD rose above $43 this past week, and now it stands a chance to push higher to $46.80.


AT&T (T) 

AT&T has been steadily trending higher, and if it can clear $39.25, then perhaps it pushes to $41.80.

AT&T, t

Micron (MU) 

Micron also had a good week, after its quarterly results and like the options traders were betting, the stock climbed. Now, $58.65 is the next level to watch for.

micron, mu

Have a good Saturday night 


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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