Apple, Tech, and Financials Continue To Move Up

This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.

Otherwise, enjoy the column!

Subscribe to the Monster Stock Market Commentary to get the Daily Monster Market Commentary and join the 2,935 subscribers getting it for FREE!


Apple (AAPL) easily beat analyst estimate when it reported results tonight, and to no surprise, the stock pop by over 6 percent, and the rest of the supply chain went right with it. Cirrus Logic (CRUS), Qorvo (QRVO), Skyworks Solutions (SWKS), and Broadcom (AVGO), all jumped from 1.5 to 5 percent.
AAPL Price Chart

AAPL Price data by YCharts

The better than expected guidance brings a sense of relief to those investors believing that Apple may have delayed the launch of the new iPhone 8.

Don’t forget to subscribe to Reading The Markets- “Lite”

Tech Sector

It wasn’t just the Apple suppliers that jumped with Apple, it was the whole tech sector that popped, with even the Technology Select Sector SPDR (XLK) jumping by over 1.5 percent following results.
XLK Price Chart

XLK Price data by YCharts

Believe it or not, even with the XLK’s run, it has still not surpassed the highs seen in March of 2000, when it reached, nearly $65.
XLK Chart Tech

XLK data by YCharts

Subscribe to the MCM Stock Market Commentary to get it Daily and join the 2,935 subscribers getting it for FREE!

Pretty amazing stuff.
XLK tech Chart

XLK data by YCharts

Also, notice the difference in volume, in the ETF over the years, how it has been steadily growing from near non-existent levels back in the day.

Don’t forget to check out our on-demand research product. We can create customized research for you.


In the chart above we can that the Financials continue to advance higher, up by over 80 bps, versus an S&P 500 that was up only 25 bps. The XLF continues to gain solid traction, and grind higher after filling the gap, late last week.  On the following chart, it is clear that the XLF passed the last level of resistance on the near-term chart, and is likely on its way higher from current levels.
XLF Chart

XLF data by YCharts

Now, that hurdle has been cleared; the ETF has a path to reach levels last seen in 2007-2008, around $30.
XLF Chart

XLF data by YCharts


If you feel like you aren’t making more money in recent years, it is likely because you aren’t.

Personal Income

And if you are worried about inflation, you likely should not be.

Personal Consumption

If you look at the circle,  it would appear to be a triple top formation on the chart, a technical analyst indicator, which is bearish on inflation, indicating that inflation is likely to fall further.

Have a good night.


Michael Kramer and the Clients of Mott Capital Management own shares of SWKS. 

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 recommendation made during the past twelve months. Past performance is not indicative of future performance.