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MICHAEL KRAMER AND CLIENTS OF MOTT CAPITAL OWN GOOGL, NFLX
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Good Morning Today is November 30
- S&P 500 futures are pointing to a lower opening of 6 points as of 6:00 AM
- The US 10-year rate is at 3.02% – Is nearing a major technical breakdown
- Dollar Index is at 96.90
- WTI Crude Oil is $50.70
- Critical events for today: G20 summit
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Subscribe →Hong Kong Hang Seng Index finished the day up about 20 basis points. No new developments.
China Shanghai Comp. finished the day up 80 basis points.
UK FTSE down 75 basis points.
DAX is down 70 basis points and is nearing a critical support level.
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German Bunds are continuing to fall now 31 basis points, and appear to be heading lower.
US Levels To Watch
S&P 500 (SPX, SP500)
The S&P500 is nearing a potential break out today should it rise above 2,750. The next level of technical resistance would come around 2,800.
Biotech (XBI)
Biotech ETF XBI is near a significant break out should the XBI rise above $81.
Technology (XLK)
Technology XLK will need to rise above $68 to trigger a breakout.
Facebook (FB)
I think the stocks to watch will likely be the FANG’s for a follow-through from yesterday. Facebook perhaps being the most important to see if the stock can find some additional momentum. Facebook needs to rise above $140 to continue to increase.
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Amazon (AMZN)
Amazon needs to continue to stay above $1650. If that happens, I think it can work towards $1760.
Netflix (NFLX)
Netflix looks like the strongest of the FANGs at the moment and could be on its way to $300.
Alphabet (GOOGL)
Alphabet is also trending higher and could be on its way to $1130.
Caterpillar (CAT)
Caterpillar is heavily tied to China and is nearing a break out. Should the stock rise above $132.50 it could be on its way to $141.
Banks
Banks stock may also continue to fell pressure today should the yield curve continue to flatten. The trend in the financial ETF (XLF) continues to be low, and the RSI suggests that doesn’t change anytime soon.
Good Luck Today
-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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