5 Monster Stocks To Watch For The September 19 Trading Session

September 19 – Stock mentions: SPY, MSFTWealth Strength IndexAAPL is Extremely Up and trending Up, ROKU, ACAD, MUWealth Strength IndexAAPL is Extremely Up and trending Up, TSLAWealth Strength IndexAAPL is Extremely Up and trending Up

Michael Kramer and the clients of Mott Capital own TSLAWealth Strength IndexAAPL is Extremely Up and trending Up, MSFTWealth Strength IndexAAPL is Extremely Up and trending Up, ACAD

US Markets

  • S&P 500 Futures +5.50 points
  • 10-Year 1.77%
  • VIX 14.05
  • Dollar Index 98.29
  • Oil $59.40

International Markets

  • Japan Nikkei +0.28%
  • South Korea KOSPI +0.46%
  • Shanghai +0.46%
  • HSI -1.07%
  • UK FTSE +0.57%
  • DAX +0.26%

MACRO

Repo Operations

The Fed conducted a repo operation for the third day in a row, and the good news is that the rate was at 1.845%, so within the range of the Fed’s new target rate of 1.75% to 2.00%. Is all back to normal? Not sure yet, we will have to wait and see.

More Rate Cuts?

At the moment the market is now looking for one more rate cut in 2019, with a 48% chance of rates in a range of 1.5 to 1.75% in December. Not an impressive number, but dovish none the less.

South Korea (KOSPI)

The KOSPI has reached resistance around 2,100; now we need to sit back and watch and see what happens next.

kospi

kospi

S&P 500 (SPY)

The setup in the S&P 500 futures continues to be bullish. The index has held up reasonably well recently around the 3,000 level. I think that is a positive sign.

s&P 500, spx

s&P 500, spx

STOCKS

Microsoft (MSFTWealth Strength IndexAAPL is Extremely Up and trending Up)

Microsoft has been range-bound for some time, but it needs to get over $141 to see a breakout.

microsoft, msft

microsoft, msft

Roku (ROKU)

Roku is testing support today at $122; this will be significant to watch, with a break sending the stock sharply low and to a gap fill at $100.

roku, roku

roku, roku

Acadia (ACAD)

It looks like the Bakers only took down about 25% of the Acadia deal or 1.562 million of the 6.25 million offered. The stock performed reasonably well after the place closing just slightly lower and rising about $2 above the deal price.

acadia, acad

acadia, acad

Tesla (TSLAWealth Strength IndexAAPL is Extremely Up and trending Up)

Tesla is approaching that significant uptrend we have been following. Now the next level to watch is for $253.

tesla, tsla

tesla, tsla

Micron (MUWealth Strength IndexAAPL is Extremely Up and trending Up)

Don’t forget Micron will soon report results. The stock has held up reasonably well around support at $48.75, and I still think it can head towards $54.

micron, mu

micron, mu

Have a great day

-Mike

This article appeared first on Mott Capital Management.

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