S&P 500 (NYSE:SPY)
The S&P 500 had climbed to as high as 3,296 in the overnight session, only to fall sharply around the time the European markets opened, on no apparent news.
Beyond Meat ( Beyond Meat Inc (NASDAQ:BYND))
Beyond Meat (NASDAQ:BYND) continues to surge higher, but it is at a significant level of resistance around $124. It could result in the stock falling back to $108.
Tesla (NASDAQ:TSLA)
Tesla is rising yet again and is now trading over $530 on a price target increase at Jefferies to $600 to $400. The stock managed to get through my next level of resistance at $527. At this moment in time, I don’t have a precise level of resistance.
Netflix (NASDAQ:NFLX)
Netflix (NASDAQ:NFLX) is also trading higher after Goldman raised its price target to $450 from $400. The stock is still struggling at a price of around $340, and that is because it is the last significant level of resistance before $360.
Amazon.com (NASDAQ:AMZN)
Amazon received some positive commentary from JPMorgan (NYSE:JPM), noting the potential for revenue upside in 2020 and calling the stock a best idea. They have an overweight rating and a $2,200 price target. The stock has consolidated nicely around the $1,900 level and is likely on its way to about $1,960.
Taiwan Semi (NYSE:TSM)
Taiwan Semi will report results on Thursday, and the stock has been trending higher for months and appears to be stalling out at resistance around $60.75. However, it seems to be forming a rising triangle, and that would suggest that the stock rises to around $64.85.
Apple (NASDAQ:AAPL)
Wedbush raised its price target on Apple (NASDAQ:AAPL) to $400 and noted the company could be worth $2 trillion. Additionally, they see upside to Apple’s December quarterly results and strong March guidance.
The stock is rising above the upper-end of its trading channel, and it could even be forming a rising wedge pattern indiciating a pullback to $291 is warranted.
