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
- 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%
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.
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 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 is continuing to rise this morning and resistance is approaching at $330. The road for Netflix gets hard should it rise above $330.
AMD shares are breaking out rising above $21 and may be heading toward $22.50.
Roku is rising above $43, and that means $48 may be on the way.
Square is trading above $62 and is now breaking out, and it could result in the stock rising to $75.
Verastem has broken its downtrend, and the road to $5 is now in the works.
Should Acadia rise above $18.50, its next level of resistance comes at $21.00.
Twitter is nearing a break out too which could result in the stock rising to around $36.
January 8, Stocks, netflix, twitter, roku, amd, acadia, tesla,