Stocks Will Try To Bounce Back on April 24
Stocks are trying to rebound on April 24 after a choppy and wild session the previous day, but the trends may have already turned.

Stocks Will Try To Bounce Back on April 24

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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APRIL 24, 2020





S&P 500 (SPY) 

Stocks are rising some this morning, by around 35 basis points on the SPY ETF.  Again, there is a downtrend that has formed across the indexes, and one should think about the next move lower for stock prices. There is even the potential that the S&P 500 to $263 on the ETF. 

S&P 500 spy

Intel (INTC)

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Intel is down this morning after reporting results last night. The stock right now is clinging to support around $56. A drop below that $56 price could lead to sharper decline, perhaps to approximately to $50.25. 

Intel, intc

Square (SQ)

Square has been hanging around the $60, and I still think there’s a chance the stock climbs back to around $68. 

square, sq

Bank of America (BAC)

Yesterday I saw some bearish betting taking place in Bank of America, and I still think it falls to around $19.50.

bank of america, bac

Alphabet (GOOGL)

Alphabet bet has now failed a couple of times around $1290, watch for a pullback to $1200. 

Alphabet, googl

Have a good one


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.