7 Stocks To Watch For The April 15 Trading Session

US Trading

  • S&P 500 Future +2 points
  • 10-Year Yield 2.56%
  • Dollar Index 96.85
  • Vix 12.36
  • Oil $63.34

International Trading

  • China Shanghai Composite -0.34%
  • Hong Kong HSI -0.33%
  • South Korea KOSPI +0.42%
  • Japan Nikkei +1.37%
  • German DAX +0.23%
  • UK FTSE +0.07%

Global Growth Proxies

  • Copper $2.92
  • Platinum $890.50

International Trading

The South Korea KOSPI continues to rise further away from its downtrend. The recent rise would indicate the index has now broken out. This is one of the key export economies in Asia and an improving stock market points to improving sentiment regarding the future of the South Korean economy.

kospi

S&P 500 (SPY)

S&P 500 will try to break above resistance today at 2,915 putting it on a path to challenge 2,940. Should the index pullback, which I don’t think it will, support rest around 2,890. There is not much more to say at this point.

S&P 500, spx

Russell (IWM)

The Russell will attempt to break out should it rise above 1,593. There is a minor level of resistance around 1,638. I do not think resistance at 1,593 will be much of a problem though, and the index should eventually return to 1,710.

russel

Goldman (GS)

Goldman reported a beat on earnings and a miss on revenue. The stock isn’t doing much immediately after the results dropping to around $207. The chart is bullish and indicates the stock is likely to rise towards $216. Support for Goldman appears solid at $200.

goldman sachs, gs

Wells Fargo (WFC)

One bank that continues to struggle is Wells Fargo. The stock received four downgrades this morning following Friday’s earnings. The chart suggests the stock may fall to around $43.

wells fargo

Citigroup (C)

Citigroup reported earnings of $1.87 per share ahead of expectations for $1.79. Meanwhile, revenue came in at $18.6 billion versus estimates of $18.56 billion. The Shares are unchanged. The trend for the stock is higher, and I suspect we will continue to see the stock rise towards resistance at $70.25.

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Disclosure: Michael Kramer and the clients of Mott Capital own Disney and Netflix. Michael Kramer owns IWM Calls.

Disclaimer: This article is my opinion and expresses my views. Those views can ...

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