This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.
Otherwise, enjoy the column!
Subscribe to the Monster Stock Market Commentary to get the Weekly Monster Market Commentary and join the 3,136 subscribers getting it for FREE!
6 Key Indicators To Watch In The Stock Market For Monday, April 9
Trading in the stock market on Monday, April 9 will be extremely important, and I’m going to be watching a few things before the stock market even opens Monday morning.
First I’m watching how Asia trades, most notably Shanghai. The market in China will reopen again on Monday for the first time since April 4, and it should be interesting to see if the markets in China respond the same way our markets have reacted to the increasing trade tensions.
I’m also going to be watching the yen and euro, and see which way the dollar goes. One would think the dollar would weaken if the FX market is foretelling of US economic slowdown or a potential trade war.. To this point, we have not seen anything new develop in the dollar trade.
In the morning, starting around 6 am, I’m going to be watching the S&P 500 futures, but not for the price, but for the mystery buyer that likes to come and buy the S&P futures in a big way around 5 to 7 am. These volume spikes have predicted the lows in the stock well in the past; my hunch is that this trader returns if the price is right.
Subscribe to the MCM Stock Market Commentary to get it weekly and join the 3,136 subscribers getting it for FREE!
The VIX will also be important to watch, 25.5 has been a clear top, and a rise above 25.5 is a bad indicator for the direction of the S&P 500.
The banks report results this week, and investors will be looking to the banks for a sense of direction going into those results.
Apple, Alphabet, Amazon, Microsoft, and Facebook are the most important stocks in the S&P 500, and let’s face where they go is going to primarily determine where the S&P 500 and the Nasdaq 100 go. On Friday and Saturday’s write-up, I gave the levels to watch.
Finally, 2,550 on the S&P 500 will be very important, a retest in the early morning would be ideal, followed by a rebound and buying frenzy in the late afternoon would give more confidence that we aren’t heading lower. But should 2,550 break a retest of the February lows is likely, and a break below the February lows may open the floodgates.
Good Luck this week, we are all going to need.
Mott Capital’s Reading The Markets – An In-depth Global Macro Stock Market Commentary – In Video Format – See How Michael Dissects The Markets
Just $200 Per Year – Get Your Free 2 Week Trial
Stock Market Rallies, Is It For Real?
What Is Going On With The Stock Market! It Is Insanity!
Where Does The Stock Market Go From Here
Free Articles Written By Mike:
Biotech’s Exact Sciences Seen Plunging 25%
Micron Options Traders Bet Stock Will Rise 14%
Disney’s Stock Seen Rising by 17%
Qualcomm Options Traders Looking for 13% Decline
Netflix Options Traders Are Looking for a Big Rebound
Why the VIX Index Is a Bullish Sign for Stocks
Apple Stock Faces 10% Short-Term Pullback
4 Consumer Stocks That May Plunge to New Lows
Broadcom’s Battered Stock Poised for 12% Rebound
Boeing’s Stock Seen Falling Into Bear Market
IBM Traders See Stock Plunging 20%
3 Hot Biotech Stocks Facing Sharp Declines
Under Armour’s Stock Still Has Further to Fall
Intel Traders Face Big Losses As Chipmaker’s Stock Drops
Why Facebook Stock May Rebound By 25%
Amazon’s Stock May Plunge 10% Further
Tech Stocks’ Growth Engine Faces a Big Slowdown
3 Big Biotech Stocks Poised for More Declines
Why Chip Stocks May Rebound to Record Highs
Take-Two Stock Seen Rising 20% on E-Sports Demand
Square’s Soaring Stock Is Due for a Correction
Nike’s Stock Bulls May Get Burned
Why AMD Options Traders Are Bearish Long Term
Improving Earnings Will Push Stock Prices Higher
Join our 3,136 Daily Subscribers And Get This Commentary In Your E-Mail! Subscribe
[vc_tweetmeme type=”follow” follow_user=”michaelmottcm” show_followers_count=”true” large_button=”true”]
Michael Kramer and Clients of Mott capital own shares of GOOGL
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.
© 2018 Mott Capital Management, LLC. Use, publication or reproduction in any media prohibited without the permission of the copyright holder.
Tags: #stockmarket #april9 #monday #trading