Stocks Are Ready To Break Out and Surge Higher on December 18
The stock market is showing bullish trends once again, and may be ready to push higher once again on December 18.

Stocks Are Ready To Break Out and Surge Higher on December 18

This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.

Otherwise, enjoy the column!

Subscribe to the Monster Stock Market Commentary to get the Weekly Monster Market Commentary and join the 3,338 subscribers getting it for FREE!

The Daily Commentary has moved as of December 1, 2022
DECEMBER 18, 2019





US Markets

  • S&P 500 Futures +1.5 points
  • US 10-Year 1.87%
  • Dollar Index 97.33
  • Oil $60.51
  • VIX 12.08

International Markets

  • Japan -0.55%
  • HK +0.15%
  • China -0.18%
  • KOSPI -0.04%
  • Germany -0.26%
  • UK +0.14%

Reading The Markets Premium Content on SA Marketplace:

S&P 500 (SPY)

Stocks are moving up again, with the S&P 500 futures up by roughly 10 bps. Not much has changed with the markets overall, with S&P 500 resistance around 3,200 to 3,212.

However, there appears to be a flag pattern forming in the S&P 500, and it would suggest that the index breaks out, with the next significant level of resistance coming around 3,255.

S&P 500, spy

Where are we likely going longer-term? Well, the next chart kind of tells us. My guess is back to that green line, which has acted as a trend line since the 2009 lows. It could lead us to number of around 3,400

S&P 500, spy


The South Korea Kospi also has a flag pattern forming as well, which suggests that the index is getting ready for its next move up.

kopsi, korea

Russell 2000 (IWM)

The Russell 2000 also appears to pushing towards 1,675, and then on to 1,710.

Russell, iwm

FedEx (FDX)

Federal Express is falling today following its results last night. Now the stock is trading back to support at $151. This a price that has to hold for FedEx, or else this stock is likely heading back to the lows around $140.


Tesla (TSLA)

Tesla may be looking to cut prices for the Model 3’s that are made in China and using local source components. The stock appears to that it may now be on its way to $400.

tesla, tsla

Verizon (VZ)

Verizon is trying to break above resistance at $61.35, finally after a year-long period of consolidation. It could lead to shares rising to $64.50.

verizon, vz

Netflix (NFLX)

Netflix may be forming an ascending triangle, and that means the stock may be ready to move up to $336.

netflix, nflx

Have a good day


Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future results.