AMD, Roku, Netflix, Twitter Likely To Lead Stocks Higher On January 8

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 Daily Monster Market Commentary and join the 2,934 subscribers getting it for FREE!

Follow @michaelmottcm

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN TSLA, ACAD, NFLX

Good Morning Today is Tuesday, January 8

S&P 500 futures are pointing to a higher opening of 16 points as of 8:00 AM
The US 10-year rate is at 2.70%
Dollar Index is at 95.81
WTI Crude Oil is $49.02
Gold:$1,283
VIX: 20.77
Critical events for today: German Industrial Production was down -1.9% versus consensus of 0.3%

Recap of International Trading:

Hong Kong Hang Seng Index up 0.15%
Japan up 0.82%
China Shanghai Comp. down 0.26%
UK FTSE up 0.92%
Dax up 0.88%

FTSE

The FTSE 100 is on the verge of a big break out should it rise above 6,893, and it could set up a rally to 7,165.

DAX

A similar event is happening in the German DAX.

S&P 500 (SPX, SP500)

There is a definite change in the trend that we also see here in the US and the S&P 500. Again, resistance for the S&P 500 is around 2,630. My outlook for this increase on the S&P 500 is further encouraged by the broader shifts we see in international markets.

Tesla (TSLA)

Tesla is rising in the pre-market after it was disclosed that Larry Ellison, the founder of Oracle, owns 3 million shares. Resistance continues to stay around $360.