6 Monster Stock Market Predictions for the July 23 Trading Session

July 23 – Stock mentions: SPY, BABA, NVDAWealth Strength IndexNVDA is Extremely Flat and trending Up, FBWealth Strength IndexFB is Extremely Flat and trending Up, INTCWealth Strength IndexINTC is Extremely Flat and trending Up, MSFTWealth Strength IndexMSFT is Extremely Flat and trending Up

Michael Kramer and the clients of Mott Capital own MSFTWealth Strength IndexMSFT is Extremely Flat and trending Up

US Trading

  • S&P 500 Futures +9 points
  • US 10- Year 2.06%
  • US Dollar 97.48
  • Oil $55.94
  • VIX 13.23

International Trading

  • Shanghai +0.45%
  • HSI +0.34%
  • Nikkei +0.95%
  • KOSPI +0.39%
  • FTSE +0.61%
  • DAX +1.75%

Premium Content: Why Amazon May Drop

Stock Market Predictions for July 23:

S&P 500 (SPY)

S&P 500 is pointing to a higher opening and set up to do battle today with resistance around 3,000 and the downtrend. We should find out relatively early on which way the index is heading. I noted last night that an increase above 3,000 signals a breakout and potential for a further rise. However, should it fail it could signal a steeper drop is on the way.

S&P 500, spy, 6 Monster Stock Market Predictions for the July 23 Trading Session

S&P 500, spy, 6 Monster Stock Market Predictions for the July 23 Trading Session

Alibaba (BABA)

Alibaba’s stock appears to be getting ready to take its next leg higher towards $183.

alibaba, baba, 6 Monster Stock Market Predictions for the July 23 Trading Session

alibaba, baba, 6 Monster Stock Market Predictions for the July 23 Trading Session

Facebook (FBWealth Strength IndexFB is Extremely Flat and trending Up)

Facebook is rising and is now attempting to break out at $203. I continue to think FBWealth Strength IndexFB is Extremely Flat and trending Up could head towards $218.

facebook, fb

facebook, fb

Nvidia (NVDAWealth Strength IndexNVDA is Extremely Flat and trending Up)

Nvidia looks as if it getting ready to move towards $178.

Nvidia, nvda

Nvidia, nvda

Microsoft (MSFTWealth Strength IndexMSFT is Extremely Flat and trending Up)

Microsoft is beginning to look more and more like it is heading for its next leg higher, not lower. A change from my view yesterday, yes, I am aware.

microsoft, msft

microsoft, msft

Intel (INTCWealth Strength IndexINTC is Extremely Flat and trending Up)

Should Intel rise above $52.50 the stock can work to fill that gap at $57.25

intel, intc

intel, intc

Have a good day.

-Mike

This article appeared first on Mott Capital Management.

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