8 Monster Stock Market Predictions For The Week of September 9

The week of September 9 will be a busy one for the markets with the ECB announcement on Thursday. It is widely expected that the ECB will cut the deposit rate by ten basis points, to negative 50 basis points. It is also expected that they will restart QE.  It could provide a significant tailwind to the equity market.

S&P 500 (SPY)

The S&P 500 cleared three major hurdled last week as I talked about in yesterday write up. You can listen to it in my podcast above. My expectation is for the index to continue to trend higher towards 3,000.

S&P 500, spy

S&P 500, spy

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

Amazon had a good week increasing above resistance at $1825; we can see it even acted as support later in the week. I think that pushes AMZNWealth Strength IndexAAPL is Extremely Up and trending Up up towards $1900. But I have been saying that for weeks.

Amazon, amzn

Amazon, amzn

Cisco (CSCOWealth Strength IndexAAPL is Extremely Up and trending Up)

Cisco is also starting to look much better, with a stock that is approaching resistance at $49.30. Should CSCOWealth Strength IndexAAPL is Extremely Up and trending Up break out above that resistance it could result in CSCOWealth Strength IndexAAPL is Extremely Up and trending Up rising back to $51.

cisco, csco

cisco, csco

AMD (AMD)

The chart for AMD doesn’t look right, with strong resistance around $31.40. I’m torn because the sector has been hot, but the chart for AMD seems lousy. I think it falls this week to $29.40.

amd

amd

Nvidia (NVDAWealth Strength IndexAAPL is Extremely Up and trending Up)

Nvidia jumped over resistance at $178, and that may help to shares up to $198.

Nvidia, nvda

Nvidia, nvda

Alibaba (BABA)

Alibaba is at resistance at $179, and now with the trade war worries on hold, a break out sends the stock higher towards $188.

alibaba, baba

alibaba, baba

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 is once again back to resistance at $31.50, and every time it gets there, it fails. Not this time. This time, I think the stock is going to break out and rise finally, towards $34.80.

jd

jd

Intel (INTCWealth Strength IndexAAPL is Extremely Up and trending Up)

Intel is close to breaking a downtrend which could send its stock higher towards $53.60.

intel, intc The week of September 9 will be a busy one for the stock market; I give 8 monster predictions to start the new week.

intel, intc The week of September 9 will be a busy one for the stock market; I give 8 monster predictions to start the new week.

Freeport McMoran (FCX)

Freeport McMoran could be heading higher too, as it to break above resistance at $9.50. I saw some big options late last week in this name. Premium content:  Why Freeport And Copper May Be Heading Higher

freeport, fcx The week of September 9 will be a busy one for the stock market; I give 8 monster predictions to start the new week.

freeport, fcx The week of September 9 will be a busy one for the stock market; I give 8 monster predictions to start the new week.

Have a great Sunday!

-Mike

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