6 Monster Stock Market Predictions for the July 23 Trading Session

By Michael J. Kramer of Mott Capital Management

Founder/CEO at Mott Capital Management, LLC • Jul 23, 2019 at 10:33 AM EDT

Alibaba’s stock appears to be getting ready to take its next leg higher towards $183.

US Trading

S&P 500 Futures +9 points
US 10- Year 2.06%
US Dollar 97.48
Oil $55.94
VIX 13.23

International Trading

Shanghai +0.45%
HSI +0.34%
Nikkei +0.95%
KOSPI +0.39%
FTSE +0.61%
DAX +1.75%

Stock Market Predictions for July 23:

S&P 500 (SPY)

S&P 500 is pointing to a higher opening and set up to do battle today with resistance around 3,000 and the downtrend. We should find out relatively early on which way the index is heading. I noted last night that an increase above 3,000 signals a breakout and potential for a further rise. However, should it fail it could signal a steeper drop is on the way.

S&P 500, spy, 6 Monster Stock Market Predictions for the July 23 Trading Session

Alibaba (BABA)

Alibaba’s stock appears to be getting ready to take its next leg higher towards $183.

alibaba, baba, 6 Monster Stock Market Predictions for the July 23 Trading Session

Facebook (FB)

Facebook is rising and is now attempting to break out at $203. I continue to think FB could head towards $218.

facebook, fb

Nvidia (NVDA)

Nvidia looks as if it getting ready to move towards $178.

Nvidia, nvda

Microsoft (MSFT)

Microsoft is beginning to look more and more like it is heading for its next leg higher, not lower. A change from my view yesterday, yes, I am aware.

microsoft, msft

Intel (INTC)

Should Intel rise above $52.50 the stock can work to fill that gap at $57.25

intel, intc

Have a good day.

Disclaimer:

Michael Kramer and the clients of Mott Capital own MSFT

This article is my opinion and expresses my views. Those views can change at a moment's 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, and I do not trade my account on the stocks spoken of in this column unless fully disclosed.
Additional Disclaimer: 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.

STOCKS IN THIS ARTICLE

BABA META MSFT NVDA INTC SPY

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