Stocks Are Pointing To Higher Opening on November 22
The stock market is pointing to a slightly higher opening on November 22 on hopes of the on-again-off-again trade deal.

Stocks Are Pointing To Higher Opening on November 22

11/22/2019

STOCKS: TSLA, AMZN, TWTR, SPLK, DIS

MACRO: SPY

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN TSLA, DIS, SPLK

US Markets

  • S&P 500 Futures +5.5 points
  • US 10-Year 1.75%
  • VIX 12.9
  • Oil $58.42
  • Dollar Index 98.01

International Markets

  • Shanghai -0.63%
  • HK +0.48%
  • Nikkei +0.32%
  • KOSPI +0.26%
  • FTSE +1.41%
  • DAX +0.25%

MACRO

S&P 500 (SPY)

It is another quite day in the stock market with futures pointing to a slightly higher opening. The futures have broken the uptrend, and we need to be mindful of this. Overall support for the futures is around 3,085.  Premium content – Morning Commentary 11.22.19

S&P 500 futures

TESLA (TSLA)

Tesla’s stock is falling some today after the reveal of its cybertruck. The design of the truck is certainly interesting, but it isn’t likely to boost the stock, and like I have been saying is likely a sell the news event. The next significant level of support is around $333, and move above $360 at this point doesn’t seem that strong.


tesla, tsla

AMAZON (AMZN)

I’m fascinated by how Amazon has become a due nothing stock and continues to grind lower at a snail’s pace. $1700 appears to be the direction that the stock is heading.

amazon, amzn

TWITTER (TWTR)

Twitter is attempting to break out and rise above resistance at $29.70. I noted some bullish trends in the stock in a Forbes article early this week, with the potential for shares to increase to around $31.90.

SPLUNK (SPLK)

Splunk is rising after better results and a slew of positive comments from the sell-side. The stock is cruising past resistance at $132 with the potential to increase to around $141.

splunk splk

DISNEY (DIS)

Disney looks as if it has a flag pattern that has formed, and that means that shares may still be heading higher maybe to $157. 

disney, dis

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