Small Cap Stocks Jump, The Large Caps May Not Be Far Behind

Small Cap Stocks Jump, The Large Caps May Not Be Far Behind

This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.

Otherwise, enjoy the column!

Subscribe to The Market Chronicle to get the Daily Monster Market Commentary and join the 2,894 subscribers getting it for FREE!

Michael Kramer owns IWM call options

Michael Kramer and the clients of Mott Capital own Splunk, Disney

The Fed minutes didn’t show anything we didn’t know already. Nor did today’s ECB meeting. So there were no big signals to take away from those events.  CPI came in at 1.9% y/y versus estimates of 1.8%, and core came in below estimates at 2.0% versus estimates of 2.1%. Hey, some times no news is good news, and in this case, it was.

Did you watch the bank hearings today? Wow. talk about boring. geez. The questions are… let’s say interesting. That will be all.

Talk about another dull day on the surface. All the action was in the Russell, what a day it had, increasing 1.4%.  It is a very good sign to see the small-caps rise so sharply, it likely means those bigger guys aren’t far behind.

S&P 500 (SPY)

The stock market finished higher today with the S&P 500 rising by about 30 basis point, clawing back some of those losses from yesterday. 2891 is still the level of resistance on watch, and we need to see the S&P 500 break above this region.

S&P 500, spy

Russell (IWM)

The big move today was in the small-caps with the Russell rising by 1.4%! A massive day of outperforming. 1,593 is the level that is on watch.


Lyft (LYFT)

There isn’t much you can say about Lyft from the charts. But what a horrible deal, and what an awful job on the placement of the shares. It reminds me of Snap, and that means the stock probably isn’t finished falling.  I’m going to do some more work on this one, it going to a fun one to follow.

lyft, lyft

Splunk (SPLK)

Subscribe to the The Market Chronicle to get it Daily and join the 2,894 subscribers getting it for FREE!

Splunk is up sharply today, and the stock is trying to move back into the trading channel. I think it does move back into the channel and potentially to the upper end.


Disney (DIS)

Tomorrow will be a big day for Disney, with its investor day and the first showing of Disney + streaming service, and potentially pricing details. All-time highs are in reach.

disney, dis

Amazon (AMZN)

Amazon is still trying to break out and still hasn’t.

amazon, amzn

Nvidia (NVDA)

Nvidia continues to climb and is inching closer to around $198.

Nvidia, nvda


Photo From 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 results.

Thanks For Visiting The Market Chronicle!

Sign up to receive more great market content like what you just read sent to your inbox daily!

We don’t spam! Read our privacy policy for more info.

Comments are closed.