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 and join the 2,399 subscribers getting it for FREE every day!
Clues Emerging From Today’s Stock Market Sell-Off – Midday Commentary
Today’s stock market sell-off midway through the day is somewhat surprising given the strength we saw on Thursday. But the S&P 500 is now trading below last week’s lows and about 40 points from the lows of early February. I have no idea which way the market goes at this point; every rally attempt has been treated as an opportunity for sellers to get out. But there are few hints for now, that I see which are positives take ways.
Facebook shares are still well above the lows from the last week.
Nvidia shares are still above support at $219.
Netflix is hanging above $273 as well.
Apple is also trying to hang on.
The vix is staying below 25.
We’ll see where things settle out at the end of the day.
Michael Kramer and Clients of Mott Capital own shares of NFLX
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.
© 2018 Mott Capital Management, LLC. Use, publication or reproduction in any media prohibited without the permission of the copyright holder.