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MARCH 4,2020
STOCKS: NVDA, AMD,INTC, AAPL
MACRO: SPY, EWY
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN AAPL
ADP Job Report at 8:15 AM
ISM Non-Manufacturing 10 AM
Reading the Markets Premium content from March 3:
- Morning Commentary 3.3.20
- FED RATE CUT UPDATE
- Midday – More On Rate Cut – Appeasement
- Thinking About The Market Post Surprise Cut
Join me and the members of Reading The Markets on March 5 at 9 PM ET for an exclusive webinar. It is live, and I will be reviewing as much I can about the current state of the market, and will have a live Q&A session. But you have to sign-up to get on the webcast. Premium content – The Revenge Of The Bears Webinar March 5, 9 PM ET
S&P 500 (SPY)
S&P 500 futures are pointing to a higher opening on March 4, and at least for now avoiding those declines I was fearing last night. The Futures have been moving higher after holding support around 2980 overnight. Premium content – Thinking About The Market Post Surprise Cut
Perhaps the market is rising due to the Super Tuesday results, or maybe the market is merely following the South Korea index higher. The KOSPI has mounted a very nice rebound and finds itself at an inflection point, one that could lead to further gains, or a reversal.
South Korea
The KOSPI finished the day right at resistance at 2061 and back in that former support region, which is now a resistance region. I would consider this market as the most accurate of the Asian markets to track, given how hard the coronavirus has hit them, and its importance as an exporter.
The question, of course, is if we will hold the gains on the S&P 500. It is a good question, as we know, there is a tendency to see those gains fade and to fill the opening gap.
AMD (AMD)
AMD managed to hold on to support yesterday at $46.80, and today is testing resistance around $48.50.
Intel (INTC)
Intel has been trending higher the last couple of days with the next level of resistance at $59.75.
Apple (AAPL)
Apple is rising some today but still faces resistance up at $301.
Nvidia (NVDA)
If Nvidia can clear $280 today, it probably works higher to fill the gap up at $293.
Good luck today
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.
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