Subscribe to receive this daily commentary directly in your email
Michael Kramer and clients off Mott Capital own Netflix
Independent macro and options research, published every trading day — $85/mo or $750/yr
Subscribe →Today was a dull day, with the S&P 500 doing a whole bunch of nothing. Even Amazon is doing nothing after results. Intel that is another story, shares are down after lowering its guidance. I should have stuck with my call over the weekend. But all the options activity swayed my opinion. It happens, we aren’t perfect, and we can be wrong. I try my best.
Intel -INTC
Intel has pretty solid support at roughly $52.50. I feel like the same thing happened last quarter with the stock falling sharply after results and rising in the days after. That’s because it did.
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
- Dispersion Extends, Inflation Swaps Break Out, And A 2022 Oil Echo
- Dispersion At A Rare Extreme — May Begin to Unwind This Week
- Stocks Are Rising As Liquidity Tightens And Risks Build
- A Gamma Squeeze Appears To Be Driving Semiconductor Stocks Higher - Advanced Topics
- Dispersion Trade In Motion
Amazon – AMZN
Amazon is up slightly, and the results were good. The guidance was a bit light; I’m not sure that the results change much. But I will look closer over the coming days.
Netflix – NFLX
I’m not sure why Netflix has been so weak the last couple of days. It could be the stock is just stock in this channel, and now it is moving back to the lower range.
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
Facebook – FB
Facebook gave back some of its gains, but the good news is that it continues to hang around technical support at $194.50
Semis – SMH
Tomorrow will be a test for the semis, and with Intel and Texas Instrument giving pretty bad guidance, the SMH will be put to the test. It needs to hold this $114 level to avoid a drop to $111.
Sorry, that is it tonight. My energy is drained, and I’m wiped out.
-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.
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.
Dispersion Is Being Pushed To the Max
Mott Capital's Market Chronicles 18 hours ago