Subscribe to receive this FREE daily commentary directly in your email
December 9, 2019
Stocks: ACAD, AAPL, TSLA, FB, AMD
Macro: SPY
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN ACAD, AAPL, TSLA
Reading The Market Premium Content on Seeking Alpha Marketplace – Get the first 2-weeks for Free to try!
- Stocks Gearing Up For Afternoon Drop
- Amazon Is Seeing Bullish Betting, Suggesting 7% Increase
- Morning Commentary 12.9.19
- The Week Ahead For 12.9.19 – Energy Stocks On Watch
S&P 500 (SPY)
It was a pretty dull day, with the market falling by just 35 basis points to around 3,135. The day felt directionless for the most part. The way the market was rolling over mid-day, I thought we’d get a modest pullback, which we did start to see towards the close, and I think it means there is more tomorrow. Premium content – Stocks Gearing Up For Afternoon Drop
Resistance on the chart hasn’t changed at 3,150; meanwhile, at least based on today’s actions, it is looking as if the gap wants to get filled.
Acadia (ACAD)
Acadia fell sharply today, for no particular reason. The stock appears to be partially filling a gap and moving down to support around $48. Could it fall further? It seems possible, but I think it should hold at $48. By the way, the CEO sold his stock as part of a 10B5-1 plan.
Apple (AAPL)
Apple also fell sharply, filling the big gap higher from Friday.
AMD (AMD)
AMD also had a rough day, and it appears to be heading lower to around $38.80. 
Tesla (TSLA)
Tesla did have a good day and appeared to be trending higher back towards resistance at $347 in an attempt to fill the gap up at $360.
Facebook (FB)
Interestingly, Facebook managed to hit resistance at $203 today and failed. It would suggest that the stock fall to around $198.
Back tomorrow.
-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.
Market Liquidity Pressures Build As Equity Financing Cost Plunge
Mott Capital's Market Chronicles 2 hours ago