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July 23 – Stock mentions: SPY, BABA, NVDA, FB, INTC, MSFT
Michael Kramer and the clients of Mott Capital own MSFT
US Trading
- S&P 500 Futures +9 points
- US 10- Year 2.06%
- US Dollar 97.48
- Oil $55.94
- VIX 13.23
International Trading
- Shanghai +0.45%
- HSI +0.34%
- Nikkei +0.95%
- KOSPI +0.39%
- FTSE +0.61%
- DAX +1.75%
Premium Content: Why Amazon May Drop
Stock Market Predictions for July 23:
S&P 500 (SPY)
S&P 500 is pointing to a higher opening and set up to do battle today with resistance around 3,000 and the downtrend. We should find out relatively early on which way the index is heading. I noted last night that an increase above 3,000 signals a breakout and potential for a further rise. However, should it fail it could signal a steeper drop is on the way.
Alibaba (BABA)
Alibaba’s stock appears to be getting ready to take its next leg higher towards $183.
Facebook (FB)
Facebook is rising and is now attempting to break out at $203. I continue to think FB could head towards $218.
Nvidia (NVDA)
Nvidia looks as if it getting ready to move towards $178.
Microsoft (MSFT)
Microsoft is beginning to look more and more like it is heading for its next leg higher, not lower. A change from my view yesterday, yes, I am aware.
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Strong Job Report Should Mean Higher Rates, Strong Dollar
The Market Appears To Be Broken
Intel (INTC)
Should Intel rise above $52.50 the stock can work to fill that gap at $57.25
Have a good day.
-Mike
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Charts used with the permission of Bloomberg Finance L.P. 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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