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Stocks Are Set To Surge As The Global Break Out Enters Day 2
Stocks are set to surge again as the global stock market rally enters day two on September 5 with the S&P 500 set to gain.

Stocks Are Set To Surge As The Global Break Out Enters Day 2

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.

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Septemeber 5 – Stock mentions: SPY, EWJ, CSCO, AAPL, AMZN, TWTR, MU

Michael Kramer and the clients of Mott Capital own AAPL and CSCO

US Markets

  • S&P 500 Futures +25 points
  • US 10-Year 1.52%
  • VIX 16.5
  • Dollar Index 98.20
  • Oil $56.25

International Markets

  • Nikkei +2.12%
  • Shanghai +0.94%
  • HSI -0.03%
  • KOSPI +0.82%
  • UK -0.60%
  • DAX +0.80%

Markets are rising on the hopes of a thawing trade war between the US and China as both sides agree to meet in October. The result is a strong rally overnight in the Asian markets, which continued to strengthen following yesterday’s breakouts. Premium content: The Break Outs Heard ‘Round The World

Japan (EWJ)

The Nikkei joined the party, as it rose above its August highs overnight.

Nikkei

Germany 10-Year

Also, keep an eye on the German 10-Year, which is now approaching a resistance level at -0.60%. As global risks continue to look a little less scary, we could see the further unwind of the risk aversion trade.

germany

S&P 500 Futures (SPY)

The S&P 500 futures cleared resistance at 2936 and rose directly to 2962.

S&P 500 Cash (SPY)

The next significant level for the S&P 500 comes around the 2975 mark, and then back at 3,000.

SPX, s&P 500

Apple (AAPL)

Apple is rising this morning above resistance at $209.50 and appears it is also ready to take out its August highs of roughly $215. It sets up a potential move higher towards $218.

Apple, aapl

Amazon (AMZN)

Amazon is moving over $1800, and it is getting ready to challenge its Augst highs of approximately $1830. If that happens, it moves on to $1900.

Amazon, amzn

Micron (MU)

Micron is rising today and is inching closer to its next level of resistance at $48.75.

Micron, mu

Cisco (CSCO)

Cisco appears to have broken a downtrend, setting up a push back to $49.30.

Cisco, csco

Twitter (TWTR)

Twitter is still on the rise, and the path to $46 is now working.

twitter, twtr

Enjoy the day.

-Mike

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