13 Monster Stock Market Predictions For The Week Of January 28

The week of January 28 will definitely not be a dull one.

Trade Talks

As I highlighted yesterday, it will be a hectic week with the China trade delegation in D.C. as the two countries continue to work towards striking a trade deal. Remember the Chinese Lunar New Year starts on February 5, which means a week for talks will likely be lost.So the stakes are rising that the two sides work out a deal and soon, as there will be less than three weeks left after the new year until the March 1 deadline. It will be in everyone’s best interest to try to get close to a deal this week.

The Shanghai market will be closed that entire week of February 4.

The FOMC Meeting

The Fed gets its time to shine too, with the FOMC meeting starting on 29th and concluding on the 30th. Remember every meeting now is a “live” meeting with a press conference to follow. Oh, the fun! Two hours of a press conference where anything can be said or entirely misunderstood by investors and the market –talk about a ticking time bomb. Yesterday we posted Jay Powell’s cheat sheet of things to say and not to say. Here it is again for your enjoyment.

What does the market expect to happen at this meeting? Nothing. The FOMC Fed Futures are pricing a 99% chance of NO Rate Hike!

(CME Group)

The market perspective of the economy and future rate hikes seems to be turning more positive. Remember in December, the odds of a 2019 rate CUT were rising rapidly. Now the odds of a rate CUT are falling, and the odds of a rate HIKE in 2019 are Rising.

(CME Group)

Stocks for the Week of January 28

Moving on, we already highlight the monster week for earnings. So let’s focus on some other stocks.

Netflix (NFLX)

Netflix broke free of a descending wedge,a very bullish reversal pattern, and is now nearing resistance at $355 and the potential for a rise back to $400 is in play.

netflix, nflx

Square (SQ)

Square has a similar pattern to that of Netflix and is approaching resistance at $82 and the potential to rise back to $94.

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Disclosure: Michael Kramer and the clients of Mott Capital own Netflix, Acadia, and Alphabet

Disclaimer: This article is my opinion and expresses my views. Those views can change at a ...

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