US Markets- S&P 500 Futures +6.5 points
- US 10-Year 2.74%
- Oil $56.20 +$0.39
- VIX 13.90
- Dollar Index 96.59 +0.06
International Markets
- Japan Nikkei +1.02%
- Shanghai +1.12%
- Hong Kong HSI +0.51%
- Korea STI +0.95%
- South Korea -0.22%
- Australia 200 +0.40%
- UK FTSE +0.45%
- German DAX +0.10%
Global Growth Proxies
- Copper -1.06% $2.9025
- Silver -0.53% $15.175
- Platinum -1.71% $848.90
International Trading for March 4
The China Shanghai composite jumped over 1% as hope continue to mount that a trade deal between the US and China may finally be reached. The Shanghai composite reached technical resistance at 3,065.
Hong Kong HSI
Hong Kong HSI rose 51 basis points overnight to resistance at 28.980.
Australia
Australia broke above a critical level of technical resistance at 6212.
Again, it continues to be a positive scenario for many of the global stock markets.
US Trading on March 4
S&P 500 Futures
The S&P 500 Future is nearing a big break out and should they rise above technical resistance at 2,818 it may trigger a rise to roughly 2,900.
S&P 500 (SPY)
On the S&P 500 should it rise above 2,812, it would trigger a break out to around 2870.
Tesla (TSLA)
Tesla’s CEO Elon Musk said the Model Y unveil would be on March 14. The stock has a gap to fill up to around $320.
Merck (MRK)
Merck’s stock is breaking out and could be heading to levels not seen since the year 2001. The stock rose above a key level of technical resistance last week around $81.25, and now may be on its way to $95.
Microsoft (MSFT)
Microsoft Corporation (NASDAQ:MSFT) may be on its way back to $116, after rising above resistance at $112.
Johnson and Johnson (JNJ)
Johnson and Johnson rose above resistance at $136.75 and has a big gap to fill at $148.40.
Alphabet
Alphabet (NASDAQ:GOOGL) is making its way higher and it is nearing a big break out should it rise above $1,170.
