Here Is Why The Stock Market Sell-Off On February 7 May Not Last

nxpi, nxp

Square (SQ)

Square is looking to open lower and has really struggled to get over $75, and I still think the stock is likely heading towards $68.

square, sq

Netflix (NFLX)

Netflix is pointing to a lower opening as well, but there is a critical uptrend in place.  Should the uptrend break it could result in a decline to around $338.


Amazon (AMZN)

Amazon is the on the cusp of a breakdown which could send the stock sharply lower. $1620 continues to be the line in the sand, with the $1520 on the horizon.


Apple (AAPL)

Apple shares are still trending higher, but for now, support comes around $164, should it pull back some.

Apple, aapl

Overall things seem to be intact. I don’t expect today’s weakness to be the start of something more severe. I don’t. Sorry for the bears out there.

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Disclosure: Michael Kramer and the clients of Mott Capital own NXPI, AAPL, and NFLX

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

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