14 Monster Stock Market & Earnings Predictions For The Week Of April 14

Stocks are going to try to pick up where they left on Friday, and that means moving higher for the week of April 14. The S&P 500 cleared a critical level of resistance last week, and now there is only one resistance zone in place before we approach an all-time high. That level comes at 2,915. A rise above that region sending the index on to 2,940. At this point,a push towards 3,000 is on.

S&P 500, spy

The Data

There will be plenty of news this week to help drive stocks higher that is for sure. Tuesday is the day that will likely make or break the market. It starts early that morning with the German ZEW survey, followed by US Industrial Production, followed by Netflix’s results, followed by CHINA GDP. Wow. Yes, Tuesday is the day you need to circle on your calendar.  By the way, it is only a four day week. 

Russell 2000, (IWM)

The Russell broke out of a big bull flag, and now it is about to break out of a minor bull flag. That means the index is likely going to continue to head higher, and I still think this index is moving higher towards 1,710.

russell

Citigroup (C)

Citigroup will report results on Monday before the open, and this stock has looked strong in recent weeks. The stock broke a major downtrend which has been in place since January 2018. That could mean the stock goes even higher, perhaps to $70.75, its next level of resistance.I had noted in my premium area on March 25 that Bullish Betting On Citigroup Indicate Shares May Rise

citigroup, c

Goldman Sachs (GS)

Goldman is also reporting on Monday morning. The chart is also bullish with the next level of resistance coming around $216. The RSI has had a significant shift in recent weeks after nearly a year-long downtrend. Now the RSI is trending higher, and that suggests the stock continues higher as well.

goldman, gs

Bank of America (BAC)

Bank of America will report results on Tuesday. The stock is also breaking out of a horrible year + downtrend. The RSI is also changing the trend, and rising. It suggests the stock continues higher too Potentially to $32. I was writing on April 8 for my premium area that Bank Of America May Pop Following Results.  Hey, you get two week’s free.

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

Michael Kramer owns IWM Calls

Disclaimer: This article is my opinion and expresses my views. Those views ...

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