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July 23, 2020
Stocks – MSFT, TSLA, FB
Macro – SPY,
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- AMD Breakout, Markets Holding – Midday
- Index At Razor Thin Levels – Morning
- Nothing Makes Sense Anymore
- Still Buying Puts On The Markets
- A Decpitive Bull Run – Morning
- Stocks Just Keep Going – Midday
- Bullish Betting Returns To GE
- Waiting On Key Vaccine Data – Morning
- AMD May Be Ready For A 10% Drop
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN TSLA, MSFT
Stocks are rising a bit today, picking up where they finished yesterday. The SPY continues to hold its uptrend with its next level of resistance around $329.40. So until that uptrend breaks, it seems that the SPY will continue to trend higher towards that next level of resistance around $329.40.
Microsoft (MSFT)
Microsoft is falling today, after results. It seems from reading some commentary that analysts noted the slowing cloud growth. In my opinion, it is tough to know if the slow down in cloud growth is because of a business trend, or an impact from the macro conditions. Longer-term, I think Microsoft is fine. Short-term, the stock could pull back to around $200.
Tesla (TSLA)
Tesla shares are bouncing around today, as the stock gets some mixed reviews. Again, I think the results were fine and remain on the right track. The stock is stalling a bit around the $1700, but the trend remains higher for now, and it could be creating a bullish ascending triangle.
Facebook (FB)
Facebook continues to move sideways, and I think it will continue to move sideways until we get earnings.
Anyway, that is all for now.
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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