Subscribe to receive this FREE daily commentary directly in your email
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.
Netflix (NFLX)
Netflix is continuing to rise this morning and resistance is approaching at $330. The road for Netflix gets hard should it rise above $330.
AMD (AMD)
AMD shares are breaking out rising above $21 and may be heading toward $22.50.
Roku
Roku is rising above $43, and that means $48 may be on the way.
Unlock Deeper Insights with Exclusive Member-Only Video Content on The Market Chronicles YouTube Channel – Just $34.99/Month
[youtube-feed feed=7]Square (SQ)
Square is trading above $62 and is now breaking out, and it could result in the stock rising to $75.
Verastem (VSTM)
Verastem has broken its downtrend, and the road to $5 is now in the works.
Acadia (ACAD)
Should Acadia rise above $18.50, its next level of resistance comes at $21.00.
Twitter (TWTR)
Twitter is nearing a break out too which could result in the stock rising to around $36.
That’s it!
-Mike
January 8, Stocks, netflix, twitter, roku, amd, acadia, tesla,
Subscribe to receive this FREE daily commentary directly in your email
This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.