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MARCH 1, 2020
STOCKS: AAPL, MSFT, GOOGL, TSLA, AMZN, BABA
MACRO: SPY
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN MSFT, AAPL, GOOGL, TSLA
Join me and the members of Reading The Markets on March 5 at 9 PM ET for an exclusive webinar. It is live, and I will be reviewing as much I can about the current state of the market, and will have a live Q&A session. But you have to sign-up to get on the webcast. Premium content – The Revenge Of The Bears Webinar March 5, 9 PM ET
It will be an insane week for sure, no matter what happens or what the headlines are, so forget them. The only that matters this week is that the S&P 500 holds the lows from Friday morning of 2,855.84. That’s it. Premium Content – The Only Thing That Matter For The Week Of March 2
Forget about China PMI; it doesn’t matter. If the S&P 500 holds that level of 2,855 this week, and we get the VIX back down below 30, and 10-Year Treasury yields come up some, then perhaps we can begin to hope the storm is passing.
S&P 500 (SPY)
Throw all the negative headlines you can at the S&P 500 this week. As long as 2855 holds, that is all I care about. There is nothing more important. Lucky, we went out on Friday around 2,954, so it gives about 3.5% to drop to get back there. Yeah, one day’s worth of buffer. But again, I don’t care, lets hit that level early Monday, bounce, and then test it the rest of the week. The more it gets tested and the more it holds, the better.
Nothing else matters.
Nothing else matters.
Otherwise, we probably fall to 2,736, a drop of another 7.5% from Friday’s close, and at that point around 20% off the highs.
I believe that 2,855, will hold and the S&P 500 will snap back this week, climbing back to 3,150.
Weeks like this, the stocks that matter the most are the generals, these are your market leaders, the heavyweights.
Microsoft (MSFT)
Microsoft, jumps back to $174 after finding suppor around $152.
Apple (AAPL)
Meanwhile, Apple bounces back to $295.
Amazon (AMZN)
Amazon snaps back to $2,034.
Alphabet (GOOGL)
Alphabet snaps to $1440.
Tesla (TSLA)
Tesla rises to $775.
Alibaba (BABA)
Alibaba back to $222.
That’s its folks, focus on what the market says, not the headlines. If the market is truly washed out, the negative headlines will not matter. Again, the only thing that will matter is Friday’s lows of 2,855 on the SP500. If that holds, then I think the worst may be over.
I happen to think it will hold. Premium content – Bottom Or Not The Coincidence Seems To Be More Than Chance
To everyone, good luck! Just remember it always darkest before the dawn. I’m willing to bet the sunrises, and the world as we know it moves forward.
-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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