8 Monster Stock Market Predictions For The Week Of September 16

The week of September 16 will be highlighted by the Federal Reserve meeting on Wednesday afternoon. This is a quarterly meeting so the Fed will also release its growth and inflation forecasts, as well as projections surrounding future interest rates.

Breakeven inflations have been falling steadily, with the 5-year rate now at 1.43% and are down dramatically since April.  I guess that we will see the Fed’s inflation expectations fall for this meeting projections. 

This is where the Fed will be able to say that they need to cut rates, as they want inflations expectations to rise.

Here is more about what to expect for the week ahead: The Fed Is On Deck For The Week Of September 16 – Premium content, get the first two weeks free. 

Odd of a Rate Cut

The CME Group is now projecting an 80% chance of 25 basis point cut. But those odds have fallen in recent days. For the Fed not to cut rates by 25 bps would be too much of a risk for unleashing financial market chaos. The safe road to take is too cut rates and continue down the path of acting as appropriate to support the economic expansion.Hopefully, he leaves at that.

(CME Group)

S&P 500 (SPY)

The S&P 500 Futures should find support at 3,000, and the uptrend should there be any selling pressure on the headlines of the drone attack in Saudi Arabia.

s&P 500 futuers

Oil

Should oil rise just the headlines? Resistance would come around $57 and then again at $61.

oil

Nvidia (NVDA)

Nvidia has been trending higher recently. I expect that trend higher to continue. Support can be found at $178 and resistance at $198.

Nvidia, nvda

Roku (ROKU)

Roku had a lousy week, and I expect that it will continue to get worse. A drop below $143 sends the stock to $120.

roku,

Blackberry (BB)

Blackberry has stalled out around $7.50, and the RSI is trending higher, and I think that pushes the stock higher $8.10.

blackberry

Netflix (NFLX)

Netflix is finally rising above the downtrend, and the RSI is beginning to rise too. That is a good sign. Premium content, sign up, get 2-weeks free to try it out! Netflix Still Has Some Life Left

1 2
View single page >> |

Disclosure: Michael Kramer and clients of Mott Capital own NFLX.

Disclaimer: This article is my opinion and expresses my views. Those views can change at a moment's notice when the market ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.