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July 1 – SPY, AAPL, QCOM, TSLA, JD, BABA
Michael Kramer and the clients of Mott Capital own AAPL and TSLA
US Trading
- S&P 500 futures +33.50
- US 10-Year Yield 2.01%
- Dollar Index 96.49
- Oil 59.85
- VIX 13.93
International Trading
- Nikkei +2.13%
- China Shanghai +2.22%
- Hong Kong HSI -0.28%
- South Korea Kospi -0.04%
- Germany DAX +1.26%
- UK FTSE +1.23%
Trading for July 1
S&P 500 Futures
S&P 500 Futures on July 1 are at a record high around 2,980. Perhaps the index can finally conquer 3,000.
S&P 500 Cash (SPY)
Based on the futures, the index should rise above 2,970 to start. It will hopefully be enough now to help the index break what has become a triple top around the 2940 to 2,950 region. That level should now serve a powerful level of technical support in the future.
Apple (AAPL)
Apple is trading around $204 this morning, and the AAPL is likely on its way towards $209 now.
Qualcomm (QCOM)
Qualcomm is rising, and $82 is its next level of resistance.
Tesla (TSLA)
Tesla is rising today, and we should have delivery results no later than July 3. TSLA is testing the downtrend, an increase above the downtrend sends the stock towards $250. This is a big moment for the stock. A record quarter is very close.
The Yuan (FXI)
The yuan is trading to 6.84 and has strengthened materially in the last few session. A significant positive for JD and Alibaba. It could be on its way to 6.70.
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Alibaba (BABA)
Alibaba is heading twoards $182.
JD (JD)
JD is testing resistance at $31.50.
Enjoy the record-setting day.
-Mike
Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future results.
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This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.
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