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

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

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.

UK FTSE 100

DAX

A similar event is happening in the German DAX.

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.

S&P 500, spx

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.

tesla,

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.

netflix, nflx

AMD (AMD)

AMD shares are breaking out rising above $21 and may be heading toward $22.50.

amd

Roku

Roku is rising above $43, and that means $48 may be on the way.

roku,

Square (SQ)

Square is trading above $62 and is now breaking out, and it could result in the stock rising to $75.

square, sq

Verastem (VSTM)

Verastem has broken its downtrend, and the road to $5 is now in the works.

vstm, verastem

Acadia (ACAD)

Should Acadia rise above $18.50, its next level of resistance comes at $21.00.

acadia, acad

Twitter (TWTR)

Twitter is nearing a break out too which could result in the stock rising to around $36.

twitter, twtr

That’s it!

-Mike

Photo From Flickr

January 8, Stocks, netflix, twitter, roku, amd, acadia, tesla,