Stocks Pointing To Lower Opening on December 17, Looking For Gap Fill

US Markets

S&P 500 Futures -4 points
10-Year Treasury 1.86%
Dollar Index 97.05
Oil $60.28
VIX 12.27

International Markets

Japan +0.47%
HK +1.22%
Shanghai +1.27%
KOSPI +1.27%
Germany -0.92%
FTSE -0.17%

S&P 500 (SPY)

Stocks in Asia were stronger overnight, while Europe is mostly lower. The S&P 500 futures are pointing to a minor decline at the opening, about ten basis points. Nothing much has changed overnight from a technical standpoint. There is a gap that needs to be filled at 3,170. Resistance for the market continues to be around 3,200 with room up to 3,212.

S&P 500, spx

Roku (ROKU)

Roku is falling today after the company announced its CFO was leaving. The stock has been using the downtrend as a source of support in recent weeks. But the trend seems lower, and that means the shares may fall to $122.

roku, roku

Alibaba (BABA)

Alibaba has risen to around $209 and is nearing resistance at $211. The chart also may be forming a rising wedge, a bearish reversal pattern. For now, $201 is support.

Alibaba, baba

JD.COM (JD)

JD.com is at resistance at $34.80. A break out sends the stock higher towards $37.20.

jd.com, jd

Apple (AAPL)

Apple’s price target was lifted to $325 at Cowen $290. If the stock is looking to advance to the upper end of the previous trading channel, then the stock appears to be going to $291.

AAPL, aaple