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June 18 – Stock mentions: SPY, FB, BABA, JD, TSLA, AMZN
Michael Kramer and the clients of Mott Capital own TSLA
US Markets
- S&P 500 Futures +16 points
- US 10-year 2.03%
- Dollar Index 97.66
- Oil $51.84
- VIX 15.04
International Markets
- Japan Nikkei -0.72%
- China Shanghai +0.09%
- Hong Kong HSI +1%
- South Korea +0.38%
- Germany DAX 1.21%
- UK FTSE +0.82%
Draghi Beat Powell Yet Again!
Yields are falling on June 18, and the dollar is rising this morning after Draghi made very dovish comments. Once again, Draghi is out in front of Powell and controlling the course of Monetary policy. The 10-year German Bund is now at -0.30. That is, of course, dragging the US 10-year lower as well. What will the Fed do now? Perhaps Powell can beat Draghi tomorrow and cut rates.
S&P 500 Futures (SPY)
The S&P 500 futures are trading at their highest levels on June 18 since early May and signaling a breakout above resistance at 2895 for the S&P 500 cash market.
Facebook (FB)
Facebook was trading around $194, hitting resistance in the premarket.
The US dollar vs. China yuan has stabilized, and that is allowing for both JD.com and Baba to stabilize as well.
Alibaba (BABA)
Alibaba can probaly rise to around $166.
JD (JD)
I also think JD can rise to around $29.30. I wrote premium content about this last week. (See: JD.Com: Bullish Betting Suggest The Stock Rises)
Tesla (TSLA)
Tesla is clearing $225 this morning, and $250 I believe is finally next. I noted bullish trends and options activity in TSLA last week in the premium section as well. (See: Tesla Continues To See Bullish Trends)
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[youtube-feed feed=7]Amazon (AMZN)
Amazon is challenging resistance today $1900, setting up a potential run to $1960.
No commentary tonight. I’m taking my kids to see a certain YouTube Star’s performance. The power of YouTube is impressive.
-Mike
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Charts used with the permission of Bloomberg Finance L.P. 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.