Stocks Are Gearing Up To Rise on September 12

September 12 – Stock mentions SPY, AMZNWealth Strength IndexAAPL is Extremely Up and trending Up, NVDAWealth Strength IndexAAPL is Extremely Up and trending Up, ROKU, FCX

US Markets

  • S&P 500 Futures +7.25 points
  • US 10-Year Yield 1.68%
  • VIX 14.6
  • Oil $55.19
  • Dollar Index 98.93

International Markets

  • Shanghai +0.75%
  • HSI -0.26%
  • Nikkei +0.75%
  • KOSPI +0.84%
  • Germany +0.63%
  • UK +0.24%

Macro 

Some recent Macro videos in my SA Marketplace RTM, first 2 weeks free

The ECB cut deposit rates by ten bps to -0.5bps and started a new round of QE at €20 billion. I thought the QE announcement was light, and at the moment I’m rather surprised that the euro is weakening and the German 10-Year is falling. Well, see how things go as the hours and days progress. But based on what I see so far, I wouldn’t be surprised to see the euro and yield rise.

euro, eur

euro, eur

S&P 500 (SPY)

The S&P 500 futures are rising this morning on news that President Trump will delay the next round of tariffs by two weeks. The S&P futures have crossed the 3,000 mark, and that will help to put the all-time now less than 1% away.

S&P 500, spy

S&P 500, spy

Copper

Copper prices are rising this morning, a global growth proxy. It broke a pretty strong downtrend which should help to lift copper price towards $2.71.

copper

copper

Stocks 

Some recent articles on Stocks in my SA Marketplace RTM, first 2 weeks free

Freeport (FCX)

Freeport is a rising as results and is nearing a pretty big break out should it get over $10.40. Sets up a move higher towards $11.

fcx, freeport

fcx, freeport

Nvidia (NVDAWealth Strength IndexAAPL is Extremely Up and trending Up)

Nvidia continues to head higher with $198 in reach.

Nvidia, nvda

Nvidia, nvda

Amazon (AMZNWealth Strength IndexAAPL is Extremely Up and trending Up)

Amazon continues to hold strong and is now starting to trend higher. Again, nothing changes here, $1900 is still on track.

amazon, amzn

amazon, amzn

Roku (ROKU)

Roku is currently holding support around $144, but resistance will now come at the uptrend around $157. But that RSI is very high and that may mean that the stock is still heading lower.

roku, roku

roku, roku

-Have a great day

-Mike

This article appeared first on Mott Capital Management.

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