Nvidia, Micron, Apple, Amazon Showing Serious Cracks

Subscribe to receive this FREE daily commentary directly in your email

[widget id=”text-23″]

Nvidia, Micron, Apple, Amazon Showing Serious Cracks

Despite all the market turmoil, for which the reason seems to change on a daily basis, the S&P 500 is only down 1.38 percent on the year. I think that is the more important thing to focus on, and not the daily swings of 2 percent. Becuase at the end of the day despite all the stock market volatility, the stock market has virtually gone nowhere!

So while the reasons for the market going lower seem to change, some things have held constant, until today, and those minor changes have caught my attention.

[widget id=”text-16″]

Technology

First, the XLK breakout from the other day is being severely tested, with the downtrend now in play again.

technology

[widget id=”text-27″]

Biotech

The IBB is now below the February lows.

biotech

[widget id=”text-19″]

Financials

The XLF failed in a big way at resistance, around $28.

xlf

[widget id=”text-22″]

Nvidia

Nvidia broke support at $218 and closed around $214.50, and for the first time in all the chaos shares look at serious risk of falling towards $200.

[widget id=”wordads_sidebar_widget-41″]

Micron

Micron opened lower and retook $49.75, and like Nvidia, it gave way and closed well below support, and that is a bad sign too, with the potential for a further decline towards $46.75.

micron

Unlock Deeper Insights with Exclusive Member-Only Video Content on The Market Chronicles YouTube Channel – Just $34.99/Month

Join this channel to get access to perks:https://www.youtube.com/channel/UCIIr1ooRsSukPL7rKNr0VHQ/joinPlease check out my content on Substack and Seeking Alpha:https://www.themarketchronicle.com/https://seekingalpha.com/affiliate_link/Youtube81624#sp500 #stocks #stockmarket #cpi #fed #qqq #spy #rates Charts used with the permission of Bloomberg Finance L.P. 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. 10:43
YouTube Video VVVNT0lJcjFvb1JzU3VrUEw3cktOcjBWSFEuZElMZlVmSDJVT2M

Volatility In Focus

6 hours ago

Join this channel to get access to perks:https://www.youtube.com/channel/UCIIr1ooRsSukPL7rKNr0VHQ/joinPlease check out my content on Substack and Seeking Alpha:https://www.themarketchronicle.com/https://seekingalpha.com/affiliate_link/Youtube81624#sp500 #stocks #stockmarket #cpi #fed #qqq #spy #rates Charts used with the permission of Bloomberg Finance L.P. 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. 13:48
YouTube Video VVVNT0lJcjFvb1JzU3VrUEw3cktOcjBWSFEucGlQRjlVX3JsOFE

Strong JOLTS Report Sends Inflation Expectations Higher

December 3, 2024 1:24 PM

Join this channel to get access to perks:https://www.youtube.com/channel/UCIIr1ooRsSukPL7rKNr0VHQ/joinPlease check out my content on Substack and Seeking Alpha:https://www.themarketchronicle.com/https://seekingalpha.com/affiliate_link/Youtube81624#sp500 #stocks #stockmarket #cpi #fed #qqq #spy #rates Charts used with the permission of Bloomberg Finance L.P. 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. 11:04
YouTube Video VVVNT0lJcjFvb1JzU3VrUEw3cktOcjBWSFEuZjdwbFZfYUp4Ums

Low Realized Vol Has Trapped The Stock Market

December 2, 2024 2:00 PM

Load More... Subscribe

[widget id=”text-21″]

Amazon

Amazon failed twice at resistance now around $1440 level, and I continue to think this one trades lower.

[widget id=”text-23″]

Apple

Apple closed below support at $169.

So Confused

Obviously, the market is far more significant than these four stocks, and at this point, it seems hard to predict what the potential next hurdle or hiccup comes in the markets way over the next week. It seems that everytime a bit of positive momentum builds it is meet with some obstacle that sucks the energy out of it.  From “trade wars,” to Amazon and the Post office, the FED, inflations, and yields. The stock market thus far this year seems like a moving target, and for the first time in about three years, I am having a hard time getting the general trend right, and that is bothering me.

But, the good news comes next Friday when the narrative will change to earnings. The only left to be to determined, will earnings push stock prices higher or will it become just one more thing the market can add to list of worries.

More this weekend.

-Mike

[widget id=”wordads_sidebar_widget-41″]

[widget id=”text-22″]

Mott Capital’s Reading The Markets – An In-depth Global Macro Stock Market Commentary – In Video Format – See How Michael Dissects The Markets

Just $200 Per Year – Get Your Free 2 Week Trial

Recent Videos:

Trade War Worries Returns

Stock Market Rallies, Is It For Real?

Today’s Rally Looks Fragile

What Is Going On With The Stock Market! It Is Insanity!

Put On Your Rally Hats

The Bottom Is Close

Where Does The Stock Market Go From Here

Free Articles Written By Mike:

Qualcomm Options Traders Looking for 13% Decline

Netflix Options Traders Are Looking for a Big Rebound

Why the VIX Index Is a Bullish Sign for Stocks

Apple Stock Faces 10% Short-Term Pullback

4 Consumer Stocks That May Plunge to New Lows

Broadcom’s Battered Stock Poised for 12% Rebound

Boeing’s Stock Seen Falling Into Bear Market

IBM Traders See Stock Plunging 20%

3 Hot Biotech Stocks Facing Sharp Declines

Under Armour’s Stock Still Has Further to Fall

Intel Traders Face Big Losses As Chipmaker’s Stock Drops

Why Facebook Stock May Rebound By 25%

Amazon’s Stock May Plunge 10% Further

Tech Stocks’ Growth Engine Faces a Big Slowdown

3 Big Biotech Stocks Poised for More Declines

Why Chip Stocks May Rebound to Record Highs

Take-Two Stock Seen Rising 20% on E-Sports Demand

Square’s Soaring Stock Is Due for a Correction

Nike’s Stock Bulls May Get Burned

Why AMD Options Traders Are Bearish Long Term

Improving Earnings Will Push Stock Prices Higher

Join our 2,616 Daily Subscribers And Get This Commentary In Your E-Mail! Subscribe

-OR-

[vc_tweetmeme type=”follow” follow_user=”michaelmottcm” show_followers_count=”true” large_button=”true”]

Photo credit via Flickr

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.

Tags: #sp500 #tech #technology #tesla #micron  #nvidia #jobs #bls #sp500 #xlk

 

Add your email to The Market Chronicles' growing list of daily readers. A FREE market commentary on the trading day's most critical and least apparent events!

Add your email to The Market Chronicles' growing list of daily readers. A FREE market commentary on the trading day's most critical and least apparent events!