7 Stock Market Predictions For The Week Ahead
S&P 500 (SPY)
The S&P 500 had a strong come back last week despite some disappointing news. I believe the strong finish from last week helps to push the index higher the week of October 7, with the S&P 500 climbing back to resistance at 2985.
AMD (AMD)
Advanced Micro Devices Inc (NASDAQ:AMD) had a nice turn around this past week after falling to the support level we had been targeting at $27.40. I think it continues to move higher. I have seen a lot of bullish betting in the stock over the past week or so. The next level I’m looking for is at $29.40, then $31.40.
Shopify (SHOP)
Shopify (NYSE:SHOP) also had a strong come back this week, and I think we rise towards $333 then $340.
Freeport (FCX)
The options activity in Freeport-McMoran Copper & Gold (NYSE:FCX) is picking up again; the last time we saw this bullish activity, the stock ran to $11. I think $9.25 seems like a reasonable level for the stock to rise too.
Apple (AAPL)
Apple (NASDAQ:AAPL) finally rose above $226, and I think this sets up a run back to the all-time highs around $234.
Disney (DIS)
Walt Disney Company (NYSE:DIS) looks like it held support at $127, and may narrowly escape filling the gap. I think the stock heads back towards $133.
Netflix (NFLX)
Netflix (NASDAQ:NFLX) finally got back to $273, and I think this sets up an increase to $285.
