Stocks Are Ready To Fall on October 14 As Trade Optimism Fades
Stocks are falling at the start of the day on October 14 as trade optimism fades, at least over the short-term.

Stocks Are Ready To Fall on October 14 As Trade Optimism Fades

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OCTOBER 14- STOCK MENTIONS: SPY, AAPL, AMZN, BYND, SBUX,TSLA

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN AAPL, TSLA

US Markets

  • S&P 500 Futures -13.75 points
  • US 10-year – Closed
  • VIX 16.35
  • Dollar Index 98.38
  • Oil $53.45

International Markets

  • Shanghai +1.15%
  • Hong Kong +0.81%
  • Japan +1.15%
  • KOSPI +1.11%
  • UK -0.64%
  • Germany -0.90%

S&P 500 (SPY)

S&P 500 futures are declining some today as investors continue to digest last week’s announcement on trade. Additionally, to no surprise, China is essentially saying don’t celebrate until the two sides sign an agreement. So we can see what happens next, but at least all sides seem to agree that progress was made on a potential deal, and it still seems to be in both countries’ interest to get a deal done.

By the way, keep in mind, the bond market is closed today.

For now, the S&P futures are holding the uptrend around 2960, which is positive, and the next layer of support comes around 2940ish. That would allow the S&P 500 cash to fill Friday’s gap higher, and then resume its uptrend.

Read the premium look at the week ahead and get the first two weeks for free- It May Be A Rocky Week At First, But Don’t Lose Faith

S&p 500, spy

Apple (AAPL)

Apple is one stock that is falling today, and given the big stock run-up a pullback shouldn’t come as a surprise. A drop below $236 likely sets up a drop to $229.

apple, aapl

Amazon (AMZN)

Amazon continues to stall out around $1750. Now one must watch for support at $1700. While it may be too soon to worry about $1620, it needs to be on the radar, especially given how many times Amazon has failed at resistance.

facebook, fb

Starbucks (SBUX)

Starbucks has broken its uptrend, and now the stock is trending lower, and a decline of $84.80 sends the stock back to $81.50.

starbucks, sbux

Beyond Meat (BYND)

Meanwhile, Beyond Meat is getting closer to fill that gap at $100.

beyond meat

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Tesla (TSLA)

Tesla is rising above a symmetrical triangle and needs to clear $253 to push to $261.

tesla, tsla

Have a good day

-Mike

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.

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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.