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April 5, 2019
Michael Kramer and the clients of Mott own Acadia
US Markets
- S&P 500 +4
- US 10-Year Yield 2.54%
- VIX 13.38
- Dollar Index 97.27
- $61.99
International Markets
- China Shanghai – Closed
- Hong Kong HSI -0.17%
- Japan Nikkei +0.38%
- South Korea Kospi +0.14%
- German DAX -0.05%
- UK FTSE +0.16%
Key News
- BLS Job Report Actual +196k vs. Estimates +181k
- Brexit delay until June 30?
- Are China and the US getting closer to trade deal?
International Trading
KOSPI
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Subscribe →The good news is that the South Korea KOSPI continues to rise, and that is likely a positive sign for this exporter’s economy. The index is getting very close to having a pretty big move higher.
Navigating The Market · By Michael Kramer
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Daily written analysis covering gamma exposure, dealer flows, key levels, and the macro drivers moving markets. Includes full video access.
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S&P 500 (SPY)
The story of the markets over the past two days has been consolidation. It appears that it is going to end today. Stocks are poised to break out once again and rise sharply. The S&P 500 seems to be nearing a pretty big break out, which could propel the index to 2,915. Here is my latest on Investing.com: The S&P 500 Could Rise To 3,200 In 2019 As Global Growth Returns
Russell 2000 (IWM)
The Russell 2000 continues to trend higher with a target of 1,593 coming.
Semiconductor (SMH)
The SMH semiconductor ETF looks as if it preparing to break out and move higher towards its all-time high of $114.60.
FedEx (FDX)
In yet another sign that perhaps global growth may be on the rise, FedEx shares have broken out rising above critical resistance at $184.50. It could result in stock rising to around $201.
McDonald’s (MCD)
McDonald’s price target increased today to $210 from $195 at Telsey. I still don’t understand this stock. I don’t think I ever will either. I wish all my companies could have the same performance of this stock. It amazes me how revenue can fall so sharply, but the shares continue to rise. Beats me.
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Intel (INTC)
Intel was downgraded today to market perform from outperform at Wells Fargo. Intel has come along way, and I still think it has further to climb testing the highs of last spring.
Boeing (BA)
Boeing continues to rise, and the stock continues to move higher working to fill the gap up at $420.
AMD (AMD)
AMD appears to be consolidating around $29.50 resistance and could be getting for another push higher towards $31.50
Acadia (ACAD)
Acadia continues to consolidate at approximately $27, and a break out appears to be coming. We have said now for the past two weeks, but you can see the triangle is contracting. The RSI is still trending nicely higher; there is a giant gap to fill to around $31.50. All the signs are there.
10-Year
Well to no surprise the 10-year yield is back to around 2.54%. I’m not sure that it gets through this time around. I think we need to at the very least retest those lows.
Good Luck today.
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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