Subscribe to receive this FREE daily commentary directly in your email
FED CUT RATES LATE SUNDAY NIGHT, IN A UNEXPECTED MOVE. PLEASE SEE MY LATEST ARTICLE.
March 15, 2020
Stocks: ROKU, NVDA, AMD, SHOP, FB, AMZN
Macro: SPY, SMH,
For the Week of March 16
Bear Market Special From Saturday Afternoon Until Sunday Night when the futures open at 6 PM ET, new subscribers can get their first 2-weeks for FREE to try out Reading The Market.
What I’m Watching The Week Of March 16
I have been covering the recent turbulence in the markets and have been actively helping my members understand what is taking place in the market place. If you need help during this time or have questions, please free to try my Seeking Alpha Marketplace service Reading The Markets. I also offer a similar service on StocksTwits.
For example, I went live on Thursday to do live Q&A – Live Stream Starting In 15 Mins
I enjoy helping, coaching, and teaching investors and traders, even if you just want to have someone to bounce ideas off of. One of the great benefits of the room is the chat area, with knowledgeable members that are also eager to share ideas and thoughts.
I also provide members with a number google spreadsheet, include a view into my earnings model for the S&P 500. One of the most popular features I now offer is the ability for you to view all of my charts. So if you want to see my current chart of Amazon or any of your favorite stocks I have may written about, that chart would be available to you.
Again, feel free to try the service out for the first two weeks for free. If you hate it, cancel it. Easy.
Here to help,
Mike
The Week of March 16
The week of March 16 is likely to be wild as the bulls and bears continue to fight it out. It certainly seems like the late-day rally on Friday at least gave investors a chance to go home over the weekend feeling a little positive. But the recent patterns in the market suggests that we likely have more work to do before we can start feeling better about anything.
S&P 500 (SPY)
The S&P 500 has been in a mode of gapping lower and working to fill those gaps back up, but that has been followed by moves lower. It likely means we re-test the lows in the 2,500 levels this week. Again, the important thing is that we make through the week without making new lows.
It means that we should likely prepare for a pretty brutal start to the week, with hopefully some signs of improvement towards week’s end.
Nvidia (NVDA)
Nvidia looks as if it is in the early stage of forming a falling wedge pattern, and that eventually means the stock is likely to reverse. But first it probably has further to fall to around as low as $200.
Roku (ROKU)
Roku has been trending lower and is now in a trading channel, and I think that means the stock continues lower still towards $70.
Shopify (SHOP)
Shopify is approaching support around $353, and a break of that level sends shares lower towards $282. The RSI still hasn’t hit oversold levels.
AMD (AMD)
AMD is near support at $38.90 and could result in the shares falling to $35.80. Again, the stock isn’t even near oversold on the RSI.
Amazon (AMZN)
Amazon has not hit oversold levels yet either, and break of support at $1680, sends the stock even lower towards $1585.
Facebook (FB)
Facebook has almost filled its gap, which may mean there is still some further room to fall to $152, but the stock may be starting to put in a bottom here, as the RSI begins to shift.
Semis (SMH)
The SMH/SPY ratio has remained relatively unchanged during this time, and that makes me think the SMH may still have further to fall.
Perhaps the SMH falls back to around $97.90.
Anyway, try to 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.
Subscribe to receive this FREE daily commentary directly in your email
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.
Stocks Press Resistance as Liquidity Stress Looms
Mott Capital's Market Chronicles November 26, 2025 1:56 PM