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Mott Capital Michael Kramer

Stocks Jump, But Micron, Nvidia, Apple Still Not Out Of The Woods


Stocks Jump, But Micron, Nvidia, Apple Still Not Out Of The Woods

The stock market is rising, and the volatility continues to make trading or predicting the general market direction impossible. But again, we have seen this episode before, so caution is still needed. It was just last Monday, April 3 that S&p 500 jumped higher until to give the gains back on Tuesday.

Resistance in the S&P 500 right now around 2,650, then 2,670.

S&P 500


Micron

Micron is just getting back to resistance at $49.75, and it will need to break resistance meaningfully, to get a change of trend.

mu

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Nvidia

Nvidia got back over $218, which is good but still need to climb over $222, to get out of its downtrend.

nvidia


Apple

Apple found a bounce off that support level we spoke about on Friday, which it was near breaking, but now needs to get over $174.

apple

 

That is gonna be all for now.

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