8 Monster Stock Market Predictions For The Week Of August 26

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.

jd

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 ...

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