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Stocks Are To Set To Make A New All-Time High on October 28
Stocks are running to a new record high on October 28, who would have thunk it? Well, we did, right?!

Stocks Are To Set To Make A New All-Time High on October 28

This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.

Otherwise, enjoy the column!

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October 28

Stock Mentions: ROKU, MSFT, AMZN, T, PCG

MACRO: DAX, SPY

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN MSFT

Germany

The German DAX index is rising above a pretty significant level of resistance today at 12,860. There is not much standing in the way of the index now rising back to an all-time high at 13,550.

Germany,

S&P 500 (SPY)

Meanwhile, the S&P 500 futures are rising to their all-time highs. Resistance for the futures is 3028, and that is where the futures are as of this morning. So we can sit and watch what happens.

S&p 500, spy

Roku (ROKU)

Roku is rising after BofA initiated it with a $154 price target. The stock is breaking this morning with the next move to around $150 on the charts.

roku roku

Microsoft (MSFT)

Microsoft is breaking out on the news is the weekend of the big government contract win and beating out Amazon. I think the stock is on its way to $153. I was telling everyone on the paid service on Friday afternoon, why Microsoft is a better play and cheaper play on the Cloud than Amazon. Why Amazon’s Trouble May Only Grow Worse

msft, microsoft

AT&T (T)

AT&T is rising after reporting results and providing a better outlook. But look at those DTV losses, my goodness. They lost more than 1.1 million subs in 1 quarter… wow. $39.20 remains resistance.

t, at&T

Amazon (AMZN)

Amazon is trading lower, and for the moment the stock has failed at resistance $1775, the downside is to $1700.

amazon, amzn

PG&E (PCG)

PCG is falling this morning. This is the definition of a falling knife, and if you are trying to play this stock in hopes of catching a bottom, then you might as well go to Vegas. There is saying how low it can go.

PCG

Have a good one.

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.