7 Monster Stock Market Predictions For The Week of October 14

The S&P 500 (SPY) didn’t have the greatest finish to what had otherwise been a solid week. The index failed at resistance two times on Friday at 2985, not the best sign. It likely setups a retest of the gap created and support at 2940 to start the week.

S&P 500, spy

Netflix (NFLXWealth Strength IndexAAPL is Extremely Up and trending Up)

Netflix will be one stock in the news, with its earnings coming on Wednesday after the close of trading. Shares have found a floor over the past few weeks around the $260 region, and the move higher on Friday took the stock back to $285. We can see the RSI has had big step higher, and that means momentum is coming into Netflix, and that the stock still likely has further to rise potentially back to $295.

netflix, nflx

Apple (AAPLWealth Strength IndexAAPL is Extremely Up and trending Up)

Apple moved to a new all-time on Friday, and I fear the stock has moved to quickly and drop back to $222 may be on the way.

aapl, apple

Roku (ROKU)

Roku is probably not finished rising, yet. It still has an unfilled gap up at $133 that is out there. Watch for the stock to move to $133.

roku, roku

AMD (AMD)

AMD had a strong week rising above resistance at $29.40. Watch for a retest of support at $29.40, followed by a move higher to $31.40

Acadia (ACAD)

Acadia has been rising nicely, and with a solid uptrend, the stock probably continues to $42.

acadia, acad

Taiwan Semi (TSM)

Taiwan Semi has been a hot stock recently, and it could be going higher. I have seen a lot of bullish activity in this one recently. In this premium article, I note the activity. You can get the first two weeks for free.

Have a great Sunday!

-Mike

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