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DECEMBER 27, 2019
STOCKS: MU, MA, ATVI, AMD
MACRO: SPY
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN MA
S&P 500 (SPY)
Stocks managed to finish the day flat in what I’d considered a relatively uneventful day. From a technical standpoint, nothing has changed; that is how boring it was.
The uptrend is firmly in place, and we can see the index got close to that trend line and bounced solidly.
Micron (MU)
I noted today, in the midday update that Micron needs to hold support at $54. To this point, the stock has been able to do that. That may be all that matters at the moment.
Mastercard (MA)
Mastercard had a strong day, crossing $300 for the first time. $305 is the next level of resistance I see in the stock.
Activision (ATVI)
Activision is very close to taking its next step higher to fill the gap up at $62.60. The stock is consolidating nicely around resistance at $60 and looks ready to take that next step higher.
AMD (AMD)
AMD is stuck at resistance now at $46.80, and it appears to be overbought, and perhaps heading lower to $43.
Have a good night
-Mike
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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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