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STOCKS – FB, SHOP, UBER, HD
MACRO – SPY, VIX
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- A Massive Week Lies Ahead For The Stock Market
- Proceed With Caution – Morning
- S&P 500 May Test 3000 Before Days End Again
- MARKETS MELTS – BE CAREFUL
- A Quick Fade Or The Start Of Something More?
- The Market Appears To Be Playing With Fire
- Bets The NASDAQ 100 Falls
- Starbucks Warns, May Be First Of Many
- Stock Remain Overbought SHORT-TERM Based On Indicators
S&P 500 (SPY)
Stocks are falling to start the week off with the S&P 500 dropping by around 2% on the futures. They had been down by about 3% at one point, and it has been worse Asia, with South Korea down nearly 5%, and Japan down almost 3.5%.
The S&P 500 did an outstanding job for most of the early session to hold critical support around 2,980. But that level of support failed just after midnight, resulting in a decline to around 2,925. With option expiration this week, all of this becomes important, because as I noted yesterday, there are significant open interest levels in the S&P 500 cash market around 2,800 to 2,900. These levels could quickly start to pull markets lower, should the sellers begin to have some confidence.
We can see we just tested resistance again around 2,980, and failed. It will likely not a fun first day to the new week.
VIX
The VIX is rising as a result of the sell-off, a move back to 54 seems possible.
UBER (UBER)
Uber broke its uptrend this morning, and that could be a sign of more losses for the stock. Now, $30.50 is a significant level for the stock. Should that price break, the next level to watch for does not come until $28.50.
Shopify (SHOP)
Shopify is jumping despite the broader market weakness after getting upgraded by Piper Sandler with an overweight rating and raising its price target to $843. The area around $790 has been a strong level of resistance for the stock in the last few weeks, so don’t get too excited yet.
Home Depot (HD)
Home Depot is breaking support this morning at $239, and the next significant level to look for comes at $220.
Facebook (FB)
Facebook is getting very close to confirming a double top pattern should it fall below $218.
Hang in there, it likely gets rough the next few days, but we knew this was over due.
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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.
Liquidity Tightening And Volatility Patterns Suggest Risk Ahead
Mott Capital's Market Chronicles September 19, 2025 1:26 PM