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MAY 28, 2020
STOCKS – DIS, AAPL, MSFT, TWTR, BA
MACRO – SPY, QQQ, EWY
MIKE’S READING THE MARKET PREMIUM CONTENT $35/MONTH OR $300/YR–
- DEALERS HOLDING THE S&P STEADY
- Topping Out?
- Trends Still Point Higher For Now
- Stocks Ready To Rally, Looking For Rotation?
- Global Rally On May 25
- Earnings Trends For 5.22.20
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN AAPL AND MSFT
S&P 500 (SPY)
Stocks are mixed this morning with the S&P 500 ETF (SPY) rising by about 15 basis points. Today is initial claims Thursday, and that usually turns out to be a good day for stocks. Why I’m not sure? Maybe, it is because the market believes the more people that lose their jobs will bring more relief aid to help support the economy. To this point, it seems that more assistance appears to be on hold, and with the market up substantially since the lows, it may not be helping itself.
South Korea had a pretty dramatic reversal overnight falling by 13 basis points, but it had been up nearly 1% at the start of the day. The channel is still healthily, but this has been one of the hottest markets, so we need to watch for any signs of cooling.
NASDAQ (QQQ)
Well, this is interesting the NASDAQ is moving lower today, falling by 64 basis points. It comes after yesterday’s significant reversal lower and than higher. We will again be watching the NASDAQ trends, which admittedly have held where they are supposed too, but have been weakening.
I noted in an article for Forbes that Microsoft is facing a decline as it is now breaking that uptrend, which has been in place for some time. I know, I have been saying the stock is heading towards $165, for weeks. Yes, but that is just how it goes sometimes. Free story – Microsoft’s Stock Faces A Sharp Reversal
Apple (AAPL)
Apple is also nearing its uptrend, and make no mistake; these are significant uptrends, which is why I have been so focused on them.
Boeing (BA)
Boeing is jumping today on headlines it will restart the production of the 737 Max. Resistance is at $158; it will be an interesting level to pay attention too. An increase above that price sends shares higher to $183, and failure back to $126.
Twitter (TWTR)
Twitter has been in the news, and the stock has been moving lower with a drop below $31.90, triggering a further decline to roughly $29.70.
Finally, thought I’d point out that Disney is trading now trading at 2000 bubble valuation levels.
That will be 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.
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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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