The Fear of Missing Out Trade Is Slowly Taking Hold
Stocks are pointing to a higher opening on September, Friday the 13th. It may turn out to be a scary day for those that are about to miss out.

The Fear of Missing Out Trade Is Slowly Taking Hold

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September 13 – Stock mentions: SPY, IWM, ACAD, NFLX, SQ, JD, FCX, C

Michael Kramer and the clients of Mott Capital own NFLX, ACAD

US Markets

  • S&P 500 +9 points
  • US 10-Year 1.79%
  • VIX 13.85
  • Dollar Index 98.02
  • Oil $55.11

International Markets

  • Shanghai +0.75%
  • HSI +0.98%
  • Nikkei +1.08%
  • KOSPI +0.85%
  • DAX +0.63%
  • FTSE -0.01%

Economics:

Macro

China (FXI)

Global markets continue to rally on hopes of easing trade tensions. The Shanghai composite is tracking higher and moving towards resistance at 3,065.

shanghai

Europe

Interest rates in Germany continue to power higher and now stand at -0.495%. They continue to appear to be on their way to around -0.4%. Meanwhile, the euro continues to strengthen versus the dollar and is now creeping up approximately 1.11 to the dollar.

10-year germany

US Trading

S&P 500 (SPY)

S&P 500 futures are trading right at their all-time today.  One will need to start thinking about how the next fear trade that is about to take hold. This time it may be the fear of missing out, and that could help to push stocks higher into year-end. Premium video: The Biggest Fear Trade Is Yet To Comespx

Russell (IWM)

The IWM Russell 2000 ETF is breaking out of its one-day resting period and is likely to continue higher towards $161.

Stocks

Acadia (ACAD)

Acadia was upgraded today at Leerink to an outperform from a market perform with the price target going to $50 from $21. The stock has been stuck in the $40 to $42 range. But let’s not complain, the stock has had a pretty good week. I still $48 on the horizon.

acadia, acad

Netflix (NFLX)

Piper Jaffray noted today that it seems that Netflix international subscriber growth is running ahead of guidance.   The stock is completing the falling wedge pattern, and a jump above resistance at $294 could start getting the shares moving higher.  I wrote about for this for the premium subscribers this week. Netflix Still Has Some Life Left. Hey read it, the first two weeks are free. If you hate my write up cancel, I won’t get insulted. I’m used to it.

netflix, nflx

Freeport (FCX)

Freeport is also moving up today and is breaking above resistance at $10.40 and now has a clear path to $11. I first noted the bullish trends last Friday when the stock was around $9.50.  Again, you can read it in the premium section. Why Freeport And Copper May Be Heading Higher

freeport, fcx

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JD (JD)

JD.com is finally breaking out, and some bullish options betting I saw yesterday suggest the breakout sticks. JD.Com Seeing Bullish Betting – Premium content

jd

Square (SQ)

Square continues to be breaking down, and the bearish options betting signaled the new trend lower in the stock. Betting Square Falls

square, sq

Citigroup (C)

Citigroup looks like it can continue to rise to around $71.50.

citigroup, c

Have a great Friday-

–Mike

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.

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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.