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MARCH 29, 2020
STOCKS: TSLA, AMZN, AAPL, NVDA, MU
MACRO: SPY
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN TSLA AND AAPL
READING THE MARKETS PREMIUM CONTENT
$35/MONTH OR $300/YEAR
- Not The Greatest Setup Into End Of Day – Midday 3.27.20
- It May Be A Rough Day – Morning Commentary
- THE VIX SAYS THIS RALLY WON’T LAST
S&P 500 (SPY)
It is likely to be another hectic and volatile week for stocks. The implied volatility levels over the next seven days are around 70.9%, and that means the ETF could rise or fall by approximately 9.8%, placing the ETF in a trading range between $228.55 to $278.30.
The S&P 500 stalled out several times around 2,600 this past week, and I think likely means we are setting up retest the lows this week, and fill the giant gap around 2,230.
Amazon (AMZN)
Amazon shares may hold steady this week. The stock appears to have formed a symmetrical triangle and be a sign that the stock refills a gap around at $2090.
Apple (AAPL)
Apple shares failed at resistance around $257 and could be heading lower towards $234.
Tesla (TSLA)
Tesla appears to have formed a bullish flag pattern and may finally be heading up to $600. The company should report its first quarter delivery numbers by April 3.
Nvidia (NVDA)
Nvidia has failed at $262 on many occasions and is likely to fill a gap at lower prices around $218.
Micron (MU)
MU failed several times around $45.50 and is probably now heading lower again towards $35.50.
Have a good week
-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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