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October 11 – Stock mentions: SPY, SHOP, CSCO, MSFT, MU, NFLX
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN CSCO, MSFT, NFLX
US Markets
- S&P 500 Futures +28 points
- US 10-Year 1.67%
- VIX 16.77
- Oil $54.46
- Dollar Index 98.56
International Markets
- KOSPI +0.81%
- Shanghai +0.88%
- HSI +2.34%
- Nikkei +1.15%
- DAX +1.95%
- UK FTSE +0.29%
S&P 500 (SPY)
The S&P 500 Futures are moving higher today, and have now cleared two downtrends and passing 2960. It sets up that move back to around 2985 that we have been so focused on. Again, I reviewed additionally, clue why I thought the market was poised to rise yesterday in a video for paying subscribers. Hey the first two weeks are free to try, what more could you ask for – More Signs Supporting Higher Stock Prices
SHOPÂ (SHOP)
So much for shop moving lower, I guess I got that one wrong. Regardless, the stock is rising and is now nearing resistance is back at $333. If the stock can manage to get above this level of resistance, then it should have room to move towards $340.
Netflix (NFLX)
Netflix is rising again today, and is trading up to around $285 and has now filled the gap. The next significant level to watch for comes at $293.
CISCO (CSCO)
Cisco fell hard yesterday on that Goldman downgrade, but the stock held around the $46 region. Today the stock is breaking a downtrend, and I still think the stock is heading back towards $49.
Microsoft (MSFT)
Microsoft is coming back to life and after drifting lower the last few weeks. The stock broke the downtrend, and now $142 comes into play.
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[youtube-feed feed=7]Micron (MU)
Micron appears it has finally found a floor, and perhaps $48.75 can soon be on the way.
Have a good one
-mike
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Charts used with the permission of Bloomberg Finance L.P. 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.