Subscribe to receive this FREE daily commentary directly in your email
November 7
Stocks: ROKU, SHOP, GOOGL, GE, FCX, DIS
MACRO – SPY, 10YR YIELD, COPPER, POLLS
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN DIS AND GOOGL
MACRO
S&P 500 (SPY)
Stocks pieced together a decent day, despite some late day selling on some headlines that not everyone in the White House is on board with a rollback of Tarriff’s. The pullback looks more like a gap fill. Regardless, the decline in the market seems similar to yesterday with the S&P 500 merely filling a gap and holding an uptrend. It is beginning to look as if the next significant level of resistance for the S&P 500 may not come until 3,150 based on a projection of the October 3 until October 21 rally.
It not to say that it will go up in a straight line, but it seems like the right place for the index to stop rising.
Yield Curve
We can see how the yield curve has steepened materially over the past few weeks, with the blue line repenting today. A signal that perhaps rates are finally back in check and that maybe the market is now looking for growth to return the economy.
German 10-Year
Meanwhile, yields in Germany are on the rise too, and back to -0.24%.
Overall, the market looks fine to me, and I think the trade headlines blow over. There is likely only one person in the WH that doesn’t want to repeal the tariffs, and at this point, President Trump needs to release the economy from this stranglehold it has been in. If that can happen, then perhaps the economy can begin to fire on all cylinders in 2020 and help to strengthen his re-election bid.
Politics are not something we discuss much of, here, but like it or not, the polls will become a big part of 2020. The interesting thing with most of the polls I have observed today is that Trump is getting very similar numbers to what he got in 2015 and 2016, which was in the low 40%. It at least would suggest to me that he hasn’t lost much favborbalitly if any at all despite the negative headlines. Why is that? I have my theories; I will keep private for the time.
STOCKS
Roku (ROKU)
Roku filled a minor gap at $116 today, and the stock looks terrible. I was worried it might retrace back to $135 intraday, but only go to around $129. The stock is breaking down, and a drop below $116 sends it back to $100. Premium content – STOCKS ARE RIPPING HIGHER – 3150 May Be The Next Major Resistance Zone
Shopify (SHOP)
If you are in Shop, now is the time to GET nervous. The stock is on the cusp of another $20 drop to around $261. The last time the stock got to $285, it held, this time, it may not be so lucky.
Alphabet (GOOGL)
Google had a huge breakout today, rising above its old highs around $1300. That should act as a healthy level of support going forward. It would be healthy for the stock to consolidate around here.
GE (GE)
GE continues to look healthy, heading towards $12.35.
Unlock Deeper Insights with Exclusive Member-Only Video Content on The Market Chronicles YouTube Channel – Just $34.99/Month
13:14
Join this channel to get access to perks:
https://www.youtube.com/channel/UCIIr1ooRsSukPL7rKNr0VHQ/join
Please check out my content on Substack and Seeking Alpha:
https://www.themarketchronicle.com/
https://seekingalpha.com/affiliate_link/Youtube81624
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.
2
YouTube Video VVVNT0lJcjFvb1JzU3VrUEw3cktOcjBWSFEuS3RER0RlcVg2Vjg
6:32
Join this channel to get access to perks:
https://www.youtube.com/channel/UCIIr1ooRsSukPL7rKNr0VHQ/join
Please check out my content on Substack and Seeking Alpha:
https://www.themarketchronicle.com/
https://seekingalpha.com/affiliate_link/Youtube81624
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.
0
YouTube Video VVVNT0lJcjFvb1JzU3VrUEw3cktOcjBWSFEuU1FtSnNXUDNDWms
18:01
Join this channel to get access to perks:
https://www.youtube.com/channel/UCIIr1ooRsSukPL7rKNr0VHQ/join
Please check out my content on Substack and Seeking Alpha:
https://www.themarketchronicle.com/
https://seekingalpha.com/affiliate_link/Youtube81624
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.
2
YouTube Video VVVNT0lJcjFvb1JzU3VrUEw3cktOcjBWSFEuY2JrTXFiNjZpTW8
Copper
Copper is trying to break out at $2.71, with the potential to rise to around $2.8.
Freeport (FCX)
A big winner if copper does break out will be FCX. I spoke out FCX today, in a video, and could have some further to rise. Premium content: No Reason Why Stocks Can’t Continue To Rally Until End Of 2019
Disney reported better top and bottom results and the stock is surging higher. $139 may be a short-term resistance level. Will continue to watch as news comes out. Premium content Here’s Why Disney’s Share May Climb – from October 16.
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.
Subscribe to receive this FREE daily commentary directly in your email
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.
The Pivot Games: Tariff Edition
Mott Capital's Market Chronicles 5 hours ago