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September 12 – Stock mentions SPY, AMZN, NVDA, ROKU, FCX
US Markets
- S&P 500 Futures +7.25 points
- US 10-Year Yield 1.68%
- VIX 14.6
- Oil $55.19
- Dollar Index 98.93
International Markets
- Shanghai +0.75%
- HSI -0.26%
- Nikkei +0.75%
- KOSPI +0.84%
- Germany +0.63%
- UK +0.24%
MacroÂ
Some recent Macro videos in my SA Marketplace RTM, first 2 weeks free
- Why Stocks May Be Poised To Rise Even More
- Risk Aversion Trade Unwinding Fast
- The Invert Yield Curve Explainer
- My Process Revealed
The ECB cut deposit rates by ten bps to -0.5bps and started a new round of QE at €20 billion. I thought the QE announcement was light, and at the moment I’m rather surprised that the euro is weakening and the German 10-Year is falling. Well, see how things go as the hours and days progress. But based on what I see so far, I wouldn’t be surprised to see the euro and yield rise.
S&P 500 (SPY)
The S&P 500 futures are rising this morning on news that President Trump will delay the next round of tariffs by two weeks. The S&P futures have crossed the 3,000 mark, and that will help to put the all-time now less than 1% away.
Copper
Copper prices are rising this morning, a global growth proxy. It broke a pretty strong downtrend which should help to lift copper price towards $2.71.
StocksÂ
Some recent articles on Stocks in my SA Marketplace RTM, first 2 weeks free
- Netflix Still Has Some Life Left
- AMD Stock Is Looking Very Weak
- Betting Square Falls
- Why Freeport And Copper May Be Heading Higher
Freeport (FCX)
Freeport is a rising as results and is nearing a pretty big break out should it get over $10.40. Sets up a move higher towards $11.
Nvidia (NVDA)
Nvidia continues to head higher with $198 in reach.
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[youtube-feed feed=7]Amazon (AMZN)
Amazon continues to hold strong and is now starting to trend higher. Again, nothing changes here, $1900 is still on track.
Roku (ROKU)
Roku is currently holding support around $144, but resistance will now come at the uptrend around $157. But that RSI is very high and that may mean that the stock is still heading lower.
-Have a great day
-Mike
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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.