Subscribe to receive this daily commentary directly in your email
Michael Kramer and the clients of Mott Capital own Microsoft, Cisco, and Visa
Michael Kramer own SPY
Independent macro and options research, published every trading day — $85/mo or $750/yr
Subscribe →April 2, 2019
US Markets
- S&P 500 -2 points
- US 10-Year 2.47%
- Oil $62.08
- Dollar Index 97.37
- VIX 13.50
International Markets
- China Shanghai +0.20%
- Hong HSI +0.21%
- Japan Nikkei -0.02%
- South Korea KOSPI +0.41%
- German DAX +0.16%
- UK FTSE +0.64%
Global Growth Proxies
- Copper $2.913
- Silver $15.02
- Platinum $854.70
Critical Events:
S&P 500 (SPY)
The news appears to be fairly quiet today with limited economic data. It will give the S&P 500 a good chance to continue where it left off on Monday. There isn’t much standing in the way of the S&P 500 rising further, as earnings season quickly approaches. The big test for the S&P 500 continues to be around this 2,870 region after that it would seem that all-times highs are around the corner.
Navigating The Market · By Michael Kramer
Independent macro and options research, published every trading day.
Daily written analysis covering gamma exposure, dealer flows, key levels, and the macro drivers moving markets. Includes full video access.
Recent Subscriber Analysis
- Oil, Inflation, and Policy Expectations Are Starting Come Together
- Today's Stock Market Rally On Divergent Path...
- A Less Market Friendly Fed Lies Ahead
- Reading Volatility, Part 4: Event Volatility — The VIX 1-Day And The Daily Reset
- S&P500: 7,000 Is The Level That Matters
Technology (XLK)
The technology sector has already broken out and is now its way to testing its all-time high. The XLK is heading towards resistance at $76.26, after that it all-time high territory.
Microsoft (MSFT)
Microsoft is already trading at an all-time around $119. The stock appears to be breaking out again from a bullish pennant, and that likely means a move higher to around $127.
Visa (V)
Visa is another big reason the technology sector is moving higher. The stock is now the third largest part in the XLK, after the significant changes last fall. The stock is also breaking out and appears to be heading towards $165.
Cisco (CSCO)
Cisco is approaching a massive level of resistance at $55. Should the stock rise above this resistance region the next stop may be as high as $70.
Intel (INTC)
Intel looks as if it is heading back to its highs of the past two years at roughly $57.
The Market Chronicles · Video Membership
The daily market commentary, delivered in video.
Same daily market analysis, in video form — available to YouTube channel members only.
Latest Videos
Boeing (BA)
Boeing is moving higher the last few days, and the gap fill towards $425 appears to be in the works.
Tesla (TSLA)
There is a good chance we get Tesla’s delivery data today before the open. The moment of truth is coming at roughly $295.
Square (SQ)
Square will need to break out here at $76 otherwise the setup maybe turning negative.
Bitcoin (BTC)
Believe or not Bitcoin is breaking out today and could be on its way back to $6,500. Great. Now we can hear about this ad nauseam. Nvidia and AMD may benefit in sentiment only, neither company sees meaningful revenue from this anymore.
-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. bitcoin
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.
Oil, Inflation, and Policy Expectations Are Starting Come Together
Mott Capital's Market Chronicles 15 hours ago