Stocks Are Pointing To Higher Opening On November 22

US Markets

S&P 500 Futures +5.5 points
US 10-Year 1.75%
VIX 12.9
Oil $58.42
Dollar Index 98.01

International Markets

Shanghai -0.63%
HK +0.48%
Nikkei +0.32%
KOSPI +0.26%
FTSE +1.41%
DAX +0.25%

MACRO

S&P 500 (SPY)

It is another quiet day in the stock market with futures pointing to a slightly higher opening. The futures have broken the uptrend, and we need to be mindful of this. Overall support for the futures is around 3,085.

S&P 500 futures

TESLA (TSLA)

Tesla’s stock is falling some today after the reveal of its cybertruck. The design of the truck is certainly interesting, but it isn’t likely to boost the stock, and like I have been saying is likely a sell the news event. The next significant level of support is around $333, and move above $360 at this point doesn’t seem that strong.

tesla, tsla

AMAZON (AMZN)

I’m fascinated by how Amazon has become a due nothing stock and continues to grind lower at a snail’s pace. $1700 appears to be the direction that the stock is heading.

amazon, amzn

TWITTER (TWTR)

Twitter is attempting to break out and rise above resistance at $29.70. I noted some bullish trends in the stock in a Forbes article early this week, with the potential for shares to increase to around $31.90.

SPLUNK (SPLK)

Splunk is rising after better results and a slew of positive comments from the sell-side. The stock is cruising past resistance at $132 with the potential to increase to around $141.

splunk splk