US Markets

• S&P 500 Futures +12 as of 8 AM
• US 10-Year: 2.68
• Oil $55.80 -$1.50
• VIX: 13.78
• Dollar Index: 96.34

International Markets:

• Japan Nikkei: +0.48%
• China Shanghai: +5.6%
• Hong Kong Hang Seng: +0.50%
• Singapore STI: +0.07%
• South Korea KOSPI: +0.09%
• Australia ASX: +0.31%
• German DAX: +0.29%
• UK FTSE: -0.04%

Global Growth Proxies:

• Copper: +0.47% $2.9655
• Silver +0.10% $15.93
• Platinum +1% $854.10

International Trading:

China’s Shanghai surged over 5% on Monday rising to 2,961 on the positive news that the March 1 tariffs would be delayed. The index cleared a key resistance level at 2,920 today. That is a big positive for the index, and now that 2,920 level will serve as a big level of support. The next level to watch in the Shanghai index is at 3,065.

S&P 500 (SPY)

The S&P 500 is pointing to a higher opening of about 12 points and should the index hold its pre-market gains the index would open above 2,800, with the next significant level of resistance at 2,812. Once 2,812 is broken the index could very quickly run to 2,872.

Microsoft (MSFT)

Microsoft got a significant upgrade from Wedbush this morning when it was added to Wedbush’s best ideas list with a $140 price target.  A rise above $112 sends the stock back to its all-time highs.

Intel (INTC)

Skyworks and Intel will work together on 5G communications engines for a broad array of end markets. Intel’s stock broke out last week and is likely heading back to its all-time highs. As I had previously noted: Here’s Why Intel’s Bull Run Isn’t Over

Skyworks (SWKS)

Skyworks however still has a long way to go to reach its all-time high. But in the meantime, an increase to $88.20 seems more than possible.

GE

GE is popping this morning and is rising by over 10% to $11.25 after the company announced it would sell its biopharma unit to Danaher.  I had written on February 14 that I thought the stock could rise back to $12.00; it seems even more likely after today.

Micron (MU)

Micron continues to move higher, and $45.50 looks more and more likely.

Square (SQ)

Square continues to move higher and is inching closer to that break out we have looked for to $83.  Square’s Stock May Jump Following Its Results

Netflix (NFLX)

Finally, Netflix has been slowly grinding higher, and it would be great if the stock can finally break out and move to $380.