Stocks Are About To Break Out Toward All-Time Highs

Stocks Are About To Break Out Toward All-Time Highs

International Markets

Key News

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International Trading

The good news is that the South Korea KOSPI continues to rise, and that is likely a positive sign for this exporter’s economy. The index is getting very close to having a pretty big move higher.

KOSPI

KOSPI

S&P 500 (SPY (NYSE:SPY))

The story of the markets over the past two days has been consolidation. It appears that it is going to end today. Stocks are poised to break out once again and rise sharply. The S&P 500 seems to be nearing a pretty big break out, which could propel the index to 2,915. Here is my latest on Investing.com: The S&P 500 Could Rise To 3,200 In 2019 As Global Growth Returns

S&P 500

S&P 500

Russell 2000 (IWM)

The Russell 2000 continues to trend higher with a target of 1,593 coming.

Russell 2000

Russell 2000

Semiconductor (NYSE:SMH)

The SMH semiconductor ETF looks as if it preparing to break out and move higher towards its all-time high of $114.60.

VanEck Vectors Semiconductor

VanEck Vectors Semiconductor

FedEx (NYSE:FDX)

In yet another sign that perhaps global growth may be on the rise, FedEx shares have broken out rising above critical resistance at $184.50. It could result in stock rising to around $201.

FedEx Corporation

FedEx Corporation

McDonald’s (NYSE:MCD)

McDonald’s price target increased today to $210 from $195. I still don’t understand this stock. I don’t think I ever will either. I wish all my companies could have the same performance of this stock. It amazes me how revenue can fall so sharply, but the shares continue to rise. Beats me.

McDonald's

McDonald’s

Intel (NASDAQ:INTC)

Intel was downgraded today to market perform from outperform at Wells Fargo (NYSE:WFC). Intel has come along way, and I still think it has further to climb testing the highs of last spring.

Intel

Intel

Boeing (NYSE:BA)

Boeing continues to rise, and the stock continues to move higher working to fill the gap up at $420.

Boeing

Boeing

AMD (AMD)

AMD appears to be consolidating around $29.50 resistance and could be getting for another push higher toward $31.50

AMD

AMD

Acadia (ACAD)

Acadia continues to consolidate at approximately $27, and a break out appears to be coming. We have said now for the past two weeks, but you can see the triangle is contracting. The RSI is still trending nicely higher; there is a giant gap to fill to around $31.50. All the signs are there.

Acadia

Acadia

10-Year Treasury

Well to no surprise the 10-year yield is back to around 2.54%. I’m not sure that it gets through this time around. I think we need to at the very least retest those lows.

10-Year Treasury

10-Year Treasury

Good Luck today.

Original post

Stocks Are About To Break Out Toward All-Time Highs

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