US Trading

• S&P 500 -2 points
• US 10-Year Yield 2.51%
• Oil $64.62
• VIX 13.39
• Dollar Index 96.92

International Trading

• Japan Nikkei +0.19
• China Shanghai -0.16%
• Hong Kong HSI +0.27%
• South Korea Kospi +0.13

Global Growth Proxies

• Copper $2.9515
• Silver $15.25
• Platinum $906.30
• Semiconductor SOX Index 1,481.38

Key News

• The US is threatening $11 billion in tariffs versus the EU against Airbus subsidies

US Trading

S&P 500 (SPY)

The S&P 500 is gearing up for a potential rise today, despite the futures being slightly lower. The index broke above a resistance level at 2,891. It would suggest the index continues to move higher towards 2,915.

Consumer Discretionary (XLY)

The discretionary stocks are also nearing a pretty big break out of own, which could send the ETF to a record high.

Costco (COST)

Costco saw its price target rise to $265 from $250 at Telsey. The stock is trading around an all-time high, and it may a bit overbought here, with the potential to pull back to around $225.

Disney (DIS)

Disney continues to move higher, and it is inching a big break out. The company has its investors day on April 11. The stock was upgraded to outperform from market perform at Cowen.  I wrote this yesterday on Disney.  Disney’s Investor Day: A Catalyst For The Stock?

Roku (ROKU)

Roku fell through support yesterday, and I fear it is now in danger of dropping to around $52. The RSI is starting to trend lower too, which would suggest momentum is moving out the stock.

Alibaba (BABA)

Alibaba continues to look strong, and should it rise above $188 it likely continues up to around $209.

Amazon (AMZN)

Amazon is also nearing a break out at $1850 which could result in the stock rising to around $1900.

Apple (AAPL)

Apple is trading above $200 this morning and continues to be on a path to $209.

That’s going to be it.