Subscribe to receive this FREE daily commentary directly in your email
APRIL 28, 2020
Stocks – AMD, SBUX, GOOGL, PFE
Macro – SPY, QQQ, XLF, XLI, XLB
Funny Level – None
S&P 500 (SPY)
Stocks are rising again, with the S&P 500 ETF rising by about 1%. The index is now trading at its highest level since March 6 at $290.40. The next level of resistance on the index comes around $293.40.
QQQ’s
Meanwhile, the NASDAQ Q’s are touching up against resistance this morning around $219.40. An increase above that price sets up a move to $227.50.
XLI
But what seems to be interesting to me is that some of these ETF’s have struggled and have gained much since April 9.
The XLI
XLB
XLF
So we can continue to see what happens throughout the rest of the week as some of these big companies continue to report results.
Alphabet (GOOGL)
Alphabet will report results tonight after the close and has struggled recently to break above $1,295. This is the big level to watch with a push above sending shares to $1,360, while support comes around $1,150.
Starbucks (SBUX)
Starbucks will report tonight as well, with its next level of resistance at $83.50, and support at $72.30
AMD
AMD will report results tonight as well, and it faces a stiff level of resistance around $59
Pfizer (PFE)
Pfizer reported better eps and revenue, but this has to be one of the most bearish charts I have seen in some time.
Anyway, that’s all
-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.
Subscribe to receive this FREE daily commentary directly in your email
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.
Mega-Cap Volatility Persists Amid Tight Liquidity
Mott Capital's Market Chronicles October 30, 2025 10:47 AM