The Stock Market Is Set To Surge Higher on April 16

The Stock Market Is Set To Surge Higher on April 16

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 Market Chronicle to get the Daily Monster Market Commentary and join the 2,893 subscribers getting it for FREE!

April 16, 2019

Michael Kramer and the clients of Mott Capital own Cisco and Netflix

US Market

  • S&P 500 Future +10 points
  • 10-Year Yield 2.57%
  • Oil $63.44
  • Dollar Index 96.96
  • VIX 12.12

International Market

  • Japan Nikkei +0.24%
  • China Shanghai Comp + 2.39%
  • Hong Kong HSI +1.07%
  • South Korea Kospi +0.26%
  • Germany Dax +0.63%
  • UK FTSE +0.45%

Global Growth Proxies

  • Copper $2.9345
  • Platinum $891.20

Economic News

International Trading


China had a big night and is now nearing its next major break out. The index closed at key resistance of 3,255 setting up a potential move to 3,330.


US Trading

S&P 500 (SPY)

The S&P 500 is pointing to a 10 point increase to the start day, which would place the index around that the big resistance level we have watched at 2,915. It would be ideal if we can close above 2915 today.

s&p 500, spy

Netflix (NFLX)

It will be a big day for Netflix with results coming tonight after the close.  Not much to say that is new. Based on all of my data and research I’m looking for a better than expected subscriber growth number and for this stock to start making its way towards $400 again. Deutsche Bank upgraded the stock to buy with a $400 price target today.


Bank of America (BAC)

Bank of America is trading flat after reporting a beat on EPS and inline on revenue. The stock continues to hover around that technical resistance level around $30, with the potential for a push towards $32.

bank of america

Cisco (CSCO)

Subscribe to the The Market Chronicle to get it Daily and join the 2,893 subscribers getting it for FREE!

Cisco had its price target raised to $62 from $58 at Goldman. Additionally, the stock was rated a buy, but removed from its conviction buy list.  Cisco broke out a few weeks back rising above $55 and could be on its way to $70.

cisco, csco

Micron (MU)

Micron was initiated at Nomura at hold with a $45 price target. I don’t know where this stock is going at the moment. The chart is sideways and has no catalysts on the horizon. Sideways is probably the direction it continues to go.

micron, mu

Facebook (FB)

More negative headlines on Facebook. It probably doesn’t matter because the stock is still heading to $186.

facebook, fb

Amazon (AMZN)

Amazon will now be watched closely today as $1850, as this has been a significant level of resistance for the stock. This morning in the pre-market it is trading above that resistance level.

Amazon, amzn

Good luck


Photo From Flickr

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.

Thanks For Visiting The Market Chronicle!

Sign up to receive more great market content like what you just read sent to your inbox daily!

We don’t spam! Read our privacy policy for more info.