Why AMD, Square, Visa, MasterCard, Facebook, May Fall

Subscribe to The Free Market Chronicle and join the 2,682 subscribers getting it for FREE!

[widget id=”text-22″]

Why AMD, Square, Visa, MasterCard, Facebook, May Fall

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN SHARES OF NFLX, V, MA

[widget id=”text-19″]

[widget id=”wordads_sidebar_widget-55″]

It was a pretty uneventful day for stocks, with the S&P 500 fractionally lower. The trends we have focused on the last few days have not changed much. Amazon is still trending lower, while Netflix continues to consolidate.

Sign-up for member video’s here

Today’s Video: Looking At Acadia, Micron, AMD, Intel, And Amazon

AMD (AMD)

AMD still has me fascinated, because the stock is holding itself together. But it is clear to me; there is trouble brewing. The stock has now failed two times to retake the uptrend. Additionally, it is now clear there is a level of resistance at $32.30. It is also clear a downtrend has formed. Next week will be crucial. I still think this stock is going to $29.50 and then even lower. We’ll see.

Square (SQ)

Square continues to go lower too. I noted yesterday the downtrend seems firm, and the stock is likely to go $82.50. Then the stock will need to be re-evaluated.

Visa (V)

Look at the beautiful uptrend in Visa. It looks perfect. It is getting to that point, where it probably pulls back soon, maybe a decline to $145.

MasterCard (MA)

MasterCard looks nearly the same as Visa, and it too looks set to pull back some, perhaps to around $ 210-ish.

Facebook (FB)

Facebook failed yet again at $166. Not a good sign for Facebook.

That is enough for a Friday. Plenty more to come.

-mike

Subscriber Video’s

Michael Kramer is the Founder of Mott Capital and the creator of Reading the Markets.

Looking At Acadia, Micron, AMD, Intel, And Amazon

Chips May Have Fallen Too Far

2 Stocks To Consider If You Like Square

Big Biotech Breakout, Plus iPhone Super Cycle Maybe This Year!

Biotech And Semis Breaking Out?

[widget id=”text-28″]

Photo Credit Via Flickr

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.

SPY, FB, MA, V, SQ, AMD, NFLX, AMZN,