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Michael Kramer and the clients of Mott Capital own AAPL, NFLX
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The machines were in full force in Monday’s trading action with the bond market closed. Algo’s played a game of fill the gap across multiple indices and stocks. I had noted in a commentary on October 31 the market was poised to fill the technical gap created that day. It just didn’t happen nearly as quickly as I would have liked. Instead, the S&P 500 and NASDAQ went on to rally, but now that rally is over, and that gap is closing.
It may also mean that again trends for better are in the works. Once the gaps are filled, the previous trends resume. It may mean higher prices are once again. The storm may finally be blowing over.
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NASDAQ (QQQ, NDX)
Its gap and the sell-off was most pronounced on the NASDAQ with the gap nearly filled at 7,180. The index managed to fall to 7,193. Pretty close.
S&P 500 (SPX, SP500)
The S&P 500 filled the gap created on November 7 but has not filled the gap from October 31. Which is a concern for me.
Russell 2000 (IWO, IWM)
The Russell is managing to hold support around 1,520.
VIX
The VIX managed to fill it gap from November 7 too at roughly 20.50.
Chips (SMH)
All the gaps in the Semiconductor ETF (SMH) have now been filled as well. The good news is that support at $91 holding rather nicely.
Consumers Stocks (XLY)
Consumer Discretionary (XLY) filled its gap and but could be a bit more downside here.
You want more gap fills you say?
Amazon (AMZN)
Amazon, anyone? Yeah filling the gap to around $1,630. What happened to $1860? That is what I want to know. If $1,620 holds, I still think $1860 is coming, just not as we thought.
Netflix (NFLX)
Netflix kind of/ sort of filled a gap, a weak fill.
Apple (AAPL)
What a disaster Apple has become, today Lumentum Holdings noted it got a notification from its “lead” customer fewer of Lumentum’s will be needed. So obviously that customer is most likely Apple. The fallout continues. Can you see why Apple has had enough for disclosing iPhone units to investors? Anyway, the good news here is that the stock managed to hold support around $194. Additionally, the stock found a bounce off its 200-day moving average. Oh, and by the way, it filled a gap from back in July.
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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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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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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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AMD
AMD filled a gap a few days back, but unlike the others, this was a gap lower, and now that gap is filled and it is reverting to the previous trend which is down. I think $16 is in the works.
Goldman (GS)
Goldman looks like it is heading towards its lowest levels in 2 years, and that means $200. If that doesn’t hold, then $180.
Morgan Stanley (MS)
Morgan Stanley is a train wreck just like Facebook. Look at that downtrend since March. Nasty. To think this RSI is still trending lower. The stock is likely heading to $41.
BofA (BAC)
BofA failed at resistance at $29ish and, is now its way back to $26.
Boeing (BA)
Boeing gets rejected yet again at $371. Oy!
GM
Gap fill in the works for GM, except this one is lower to $34.70.
I just remembered today is only Monday!
-Mike
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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.
Stocks, AMD, Apple, Amazon, Netflix, SP500, S&P 500, NASDAQ
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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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