Boeing, Apple, AMD, Alibaba Are Poised To Soar On Jan. 30

U.S. Markets

S&P 500 futures: +14 Points

10-Year Yields: 2.72%

Dollar index: 95.85

Oil: $53.77

Vix:  19

International Market

Hong Kong HSI: +40bps

Shanghai: -72bps

Japan Nikkei: -52bps

Korea KOSPI: +1.05%

UK FTSE +1.27%

German DAX -27bps

10-Year German Bund 0.19%

10-Year JGB 0.001%

Key Events:

  1. Apple reported better than expected EPS of $4.18 per share, better than estimates of $4.17 per share. You can read our recap here
  2. Theresa May will head back to Brussels to renegotiate a Brexit deal.
  3. FOMC Rate Decision at 2 PM followed by a press conference
  4. Earnings:
    1. Wednesday PM
      1. Facebook
      2. Microsoft
      3. Tesla
      4. PayPal
      5. Visa
    2. Thursday AM
      1. GE
      2. Mastercard
      3. UPS
    3. Thursday PM
      1. Amazon
      2. Cypress Semi
    4. Friday AM
      1. Exxon
      2. Chevron

International Market

Hong Kong continues to trend higher and appears to be working its way towards  28,230

hong kong

KOSPI

The South Korea KOSPI is now at a critical point, as it has finished filling the gap, and is now facing a turning point. Should it break out, it could signal a rise to around 2,280. However, if it fails to break out, it could fall to roughly 2,130. We will want to continue to watch this one.

kospi

The international markets have been mainly a good indicator for the future direction of the US equity markets of late. Additionally, we want to see money continue to flow into the market around the globe.

U.S.

The action for the equity market happens at 2 PM with the FOMC rate decision. It widely anticipated that the FED will NOT Raise today. Additionally, the tone of the announcement will be critical, as investors will be looking for a signal that the Fed plans to pause its policy of hikes. Additionally, investors will pay pretty close attention to the dot plots, and commentary around the balance.

Most of important to watch is the bond and currency market for the correct signals, not the equity market.

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Disclosure: Michael Kramer and the clients of Mott Capital own Apple

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

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