Germany

The German DAX index is rising above a pretty significant level of resistance today at 12,860. There is not much standing in the way of the index now rising back to an all-time high at 13,550.

S&P 500 (SPY)

Meanwhile, the S&P 500 futures are rising to their all-time highs. Resistance for the futures is 3028, and that is where the futures are as of this morning. So we can sit and watch what happens.

Roku (ROKU)

Roku is rising after BofA initiated it with a $154 price target. The stock is breaking this morning with the next move to around $150 on the charts.

Microsoft (MSFT)

Microsoft is breaking out on the news is the weekend of the big government contract win and beating out Amazon. I think the stock is on its way to $153. I was telling everyone on the paid service on Friday afternoon, why Microsoft is a better play and cheaper play on the Cloud than Amazon.

AT&T (T)

AT&T is rising after reporting results and providing a better outlook. But look at those DTV losses, my goodness. They lost more than 1.1 million subs in 1 quarter… wow. $39.20 remains resistance.

Amazon (AMZN)

Amazon is trading lower, and for the moment the stock has failed at resistance $1775, the downside is to $1700.

PG&E (PCG)

PCG is falling this morning. This is the definition of a falling knife, and if you are trying to play this stock in hopes of catching a bottom, then you might as well go to Vegas. There is saying how low it can go.

Have a good one.