Home » 5 Stocks To Watch As The Market Heads For a Record High on July 1

5 Stocks To Watch As The Market Heads For a Record High on July 1

5 Stocks To Watch As The Market Heads For a Record High on July 1

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July 1 – SPY, AAPL, QCOM, TSLA, JD, BABA

Michael Kramer and the clients of Mott Capital own AAPL and TSLA

US Trading

  • S&P 500 futures +33.50
  • US 10-Year Yield 2.01%
  • Dollar Index 96.49
  • Oil 59.85
  • VIX 13.93

International Trading

  • Nikkei +2.13%
  • China Shanghai +2.22%
  • Hong Kong HSI -0.28%
  • South Korea Kospi -0.04%
  • Germany DAX +1.26%
  • UK FTSE +1.23%

Trading for July 1

S&P 500 Futures

S&P 500 Futures on July 1 are at a record high around 2,980. Perhaps the index can finally conquer 3,000.

S&P 500, spy

S&P 500 Cash (SPY)

Based on the futures, the index should rise above 2,970 to start. It will hopefully be enough now to help the index break what has become a triple top around the 2940 to 2,950 region. That level should now serve a powerful level of technical support in the future.

S&P 500, spy

Apple (AAPL)

Apple is trading around $204 this morning, and the AAPL is likely on its way towards $209 now.

aapl, apple

Qualcomm (QCOM)

Qualcomm is rising, and $82 is its next level of resistance.

qualcomm, qcom

Tesla (TSLA)

Tesla is rising today, and we should have delivery results no later than July 3. TSLA is testing the downtrend, an increase above the downtrend sends the stock towards $250. This is a big moment for the stock.  A record quarter is very close.

tesla, tsla

The Yuan (FXI)

The yuan is trading to 6.84 and has strengthened materially in the last few session. A significant positive for JD and Alibaba. It could be on its way to 6.70.

yuan

Alibaba (BABA)

Alibaba is heading twoards $182.

baba, stock, july 1

JD (JD)

JD is testing resistance at $31.50.

jd, stock, july 1

Enjoy the record-setting day.

-Mike

Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future results.

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