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.

s&P 500, spy

s&P 500, spy

With all the wild price swings, the charts feel harder to read this week.

AMD (AMD)

AMD fell back to support around $29.40, and $27.25 seems like the next likely stop for the stock.

amd

amd

Amazon (AMZNWealth Strength IndexAAPL is Extremely Up and trending Up)

Amazon 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

amazon, amzn

Facebook (FBWealth Strength IndexAAPL is Extremely Up and trending Up)

Facebook has been struggling recently, even before Friday’s sell-off, and now $173 seems like the next level to look for.

Facebook, fb

Facebook, fb

Micron (MUWealth Strength IndexAAPL is Extremely Up and trending Up)

Micron appears to be rolling over, with the next significant level to watch at $42 and then $38.70.

micron, mu

micron, mu

Bank of America (BAC)

Bank of America 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

bank of america, bac

JDWealth Strength IndexAAPL is Extremely Up and trending Up (JDWealth Strength IndexAAPL is Extremely Up and trending Up)

JDWealth Strength IndexAAPL is Extremely Up and trending Up.com failed once again at $31.50, and there is still a gap to fill around $27.40.

jd

jd

Alibaba (BABA)

Meanwhile, Alibaba may be on its way back to $151.

alibaba, baba

alibaba, baba

Have a good week.

-Mike

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