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MARCH 2, 2020
STOCKS: AAPL, MA, TWTR, AMD, BABA
MACRO: SPY, EWG
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN AAPL, MA
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
Wild Session Ahead
It looks like it may be a wild trading session today, with futures and foreign markets swinging from losses to gains, back to losses.
It isn’t normal to see the S&P 500 futures swing by 4% from lows to highs. It is beyond crazy, it is insane, and it would suggest that the session ahead here in the US will likely be equally mad. Premium content – The Only Thing That Matters For The Week Of March 2
Germany
The German DAX gapped higher at the opening, only to get it to give it all back.
S&P 500 (SPY)
History has taught us that if the S&P 500 market gaps higher at the open, the same future awaits, with a drop to follow filling the gap. So make sure you are extra careful today.
Again, the only thing I will be watching for today is that the S&P 500 doesn’t take out Friday’s lows of 2,855. As long as we do not breach that level, I don’t care what happens today. – Premium content – Bottom Or Not The Coincidence Seems To Be More Than Chance
Apple (AAPL)
Apple is rising after Oppenheimer raised its rating to Outperform from Perform and assigned a $320 price target. For now, the stock is hitting up against resistance at $285.
Alibaba (BABA)
Alibaba jumped higher this morning, but for the moment is failing to get over resistance around $211.
Mastercard (MA)
Mastercard fell by as much 20% from peak to trough, but it has now broken that nasty downtrend. And for now, resistance comes around $305.
Twitter (TWTR)
Twitter is rising today after Elliott Management took a sizeable stake in the company and is looking to remove Jack Dorsey. The stock has increased to resistance near $36.50.
AMD (AMD)
Finally, AMD is rising back to that all-important region around $46.80. It had been a strong region of support before the sharp pullback. Now it is likely to act as a strong region of resistance, with the potential to rise to around $48.50.
Good Luck, more in Reading The Market Premium content throughout the day.
-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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