June 28 – Stock mentions: SPY, AAPL, MU, BA, CSCO, NFLX
Michael Kramer and the clients of Mott Capital own AAPL, CSCO, NFLX
Happy Last Day of June, 2Q, and Russell Re-Balance Day
- S&P 500 Futures +5 Points
- US 10-year 2.02%
- Dollar Index 96.14
- VIX 15.89
- Oil $59.54
- Japan Nikkei -0.29%
- China Shanghai -0.60%
- Hong Kong HSI -0.28%
- South Korea KOSPI -0.17%
- Germany DAX +0.50%
- UK FTSE +0.21%
US Trading for June 28
S&P 500 (SPY)
S&P 500 is pointing to a higher opening today and is trending up. The next significant level to watch for the SPY ETF is $294 and for the Index is around 2,940.
Micron is rising yet again and is not going to listen to my advice from last night. So that means it likely fills the gaps up at $40.25.
Apple is down a bit today on news that it is top designer Jony Ive is leaving the company. It sounds like he will still be involved but just not an employee. AAPL seems fine to me. China means more to AAPL to then today’s news at the moment.
What had been a promising chart has turned ugly for BA. It appears there is a now a double top on the chart, and that could mean a drop to the uptrend at $350.
Netflix held the break out from the other and is now heading back to its recent highs. $380 is the next significant level to watch for in NFLX.
Cisco has been consolidating right below a break out region. The RSI is still trending higher. I think CSCO is still poised to break out and move towards $61.
have a wild one!
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.