8 Monster Stock Market Predictions For The Week Of August 26

By Michael J. Kramer of Mott Capital Management

Founder/CEO at Mott Capital Management, LLC • Aug 25, 2019 at 2:21 PM EDT

Stocks will be on the move again this week. Monday is likely the day that sets the tone for the rest of the week. The significant level of to watch will come at the 2825 level for S&P 500, with a break of that level sending the index sharply lower.

S&P 500 (SPY)

Stocks will be on the move again this week. Monday is likely the day that sets the tone for the rest of the week. The significant level of to watch will come at the 2825 level for the S&P 500, with a break of that level sending the index sharply lower. So, we will need to see 2825 hold. Premium content: Your Survival Guide To The Week Of August 26

s&P 500, spy

With all the wild price swings, the charts feel harder to read this week.

AMD

AMD fell back to support around $29.40, and $27.25 seems like the next likely stop for the stock.

amd

Amazon

Amazon (AMZN) is holding on to the uptrend, and that level needs to continue to hold or the stock risks a further decline to around $1620.

amazon, amzn

Facebook

Facebook (FB) has been struggling recently, even before Friday’s sell-off, and now $173 seems like the next level to look for.

Facebook, fb

Micron

Micron (MU) appears to be rolling over, with the next significant level to watch at $42 and then $38.70.

micron, mu

Bank of America

Bank of America (BAC) may continue to drift lower as the yield curve remains under pressure, with $25.75 as the next significant level of support.

bank of america, bac

JD

JD.com (JD) failed once again at $31.50, and there is still a gap to fill around $27.40.

Alibaba

Meanwhile, Alibaba (BABA) may be on its way back to $151.

alibaba, baba

Disclosure:

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.

Disclaimer:

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

AMD BAC AMZN MU SPY META JD BABA

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