US Futures Frozen As The Nikkei Soared

As of 05:43 A.M., EST, the DOW futures were  at even, unchanged. The S&P points lower by -1.10 points and the NASDAQ futures indicate a higher open by 2 points. Last night, the DOW closed at 18,047.58, the S&P closed at 2,100.34, and the NASDAQ closed at 4,899.26.

The Nikkei 225 soared last night up +212.08 points to 18,199.17. The index appears to be eyeing up a strong move toward the 20K level analysts believe. The Hang Seng displayed modest gains up 47.20 points to 24,832.08. The FTSE 100 is currently up +4.38 points at 6,902.51. The CAC 40 is up +40.35 points to 4,794.34. The German DAX is up +52.55 points to 10,948.17.

Oil is creeping up with a 1 year forecast of $61/barrel. It’s levels today are currently up .75 cents to $53.53/barrel.

Gold continues to flirt with $1,200/oz levels slipping down 2.80/oz to $1,208.60/oz. Silver is trying to move upward gaining three pennies an ounce today up to $16.49/oz. Platinum is down $5.60/oz to $1,172.40/oz. Palladium follows the downward trend to $780.60/oz down $3.60/oz today so far.

Stocks to Watch: 

THCZ — This stock has been pretty hot over the past couple of weeks rising up from sub a penny to striking .047 cents yesterday and still appears to be wanting to continue to run. This is a player in the HEMP industry distributing drinks. Watch for this one to run. 

ENIP — This stock has given up massive gains over the past few sessions and has sunk to some pretty low levels. It was previously on trader’s watch list and continues to remain a large percentage mover. Watch for this one to possibly make a little run upward. 

Also, keep an eye on ERBBERBBtoday. This stock has been sinking to its 52-week low. Typically when stocks become oversold, they sometimes can have a knee jerk reaction upward which can sometimes escalate into a rally or at least the beginning of upward momentum. Regardless, 52-week lows present excellent buying opportunities for investors and traders alike. 

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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