Stocks Are Trading In An Insane Manner on March 2
Stocks are trading in a wide range on March 2, and it could mean we are about to see one insane trading session.

Stocks Are Trading In An Insane Manner on March 2

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!

Subscribe to The Market Chronicle to get the Daily Monster Market Commentary and join the 2,892 subscribers getting it for FREE!

MARCH 2, 2020




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

s&P 500,

Subscribe to the The Market Chronicle to get it Daily and join the 2,892 subscribers getting it for FREE!


The German DAX gapped higher at the opening, only to get it to give it all back.

Germany, dax

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

S&P 500, spy

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.

alibaba, baba

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. 

twitter, twtr


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. 


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.      

Thanks For Visiting The Market Chronicle!

Sign up to receive more great market content like what you just read sent to your inbox daily!

We don’t spam! Read our privacy policy for more info.