The Fear Of Missing Out Trade Is Slowly Taking Hold

China (FXI)

Global markets continue to rally on hopes of easing trade tensions. The Shanghai composite is tracking higher and moving towards resistance at 3,065.

shanghai

Europe

Interest rates in Germany continue to power higher and now stand at -0.495%. They continue to appear to be on their way to around -0.4%. Meanwhile, the euro continues to strengthen versus the dollar and is now creeping up approximately 1.11 to the dollar.

10-year germany

US Trading

S&P 500 (SPY)

S&P 500 futures are trading right at their all-time today. One will need to start thinking about how the next fear trade that is about to take hold. This time it may be the fear of missing out, and that could help to push stocks higher into year-end.S&P 500 futures are trading right at their all-time today. One will need to start thinking about how the next fear trade that is about to take hold. This time it may be the fear of missing out, and that could help to push stocks higher into year-end. 

spx

Russell (IWM)

The IWM Russell 2000 ETF is breaking out of its one-day resting period and is likely to continue higher towards $161.

Stocks

Acadia (ACAD)

Acadia was upgraded Friday at Leerink to an outperform from a market perform with the price target going to $50 from $21. The stock has been stuck in the $40 to $42 range. But let’s not complain, the stock has had a pretty good week. I still see $48 on the horizon.

acadia, acad

Netflix (NFLX)

Piper Jaffray noted Friday that it seems that Netflix international subscriber growth is running ahead of guidance. The stock is completing the falling wedge pattern, and a jump above resistance at $294 could start getting the shares moving higher. I wrote about for this for the premium subscribers this week. Netflix Still Has Some Life Left. Hey read it, the first two weeks are free. If you hate my write up cancel, I won’t get insulted. I’m used to it.

netflix, nflx

Freeport (FCX)

Freeport was also moving up Friday and is breaking above resistance at $10.40 and now has a clear path to $11. I first noted the bullish trends last Friday when the stock was around $9.50. Again, you can read it in the premium section. Why Freeport And Copper May Be Heading Higher

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Disclosure: Michael Kramer and the clients of Mott Capital own NFLX, ACAD

Disclaimer: This article is my opinion and expresses my views. Those views can change at a moment's notice when ...

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