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Michael Kramer and the clients of Mott Capital own Microsoft, Tesla, and Alphabet
US Markets
- S&P 500 Futures +6.5 points
- US 10-Year 2.74%
- Oil $56.20 +$0.39
- VIX 13.90
- Dollar Index 96.59 +0.06
International Markets
- Japan Nikkei +1.02%
- Shanghai +1.12%
- Hong Kong HSI +0.51%
- Korea STI +0.95%
- South Korea -0.22%
- Australia 200 +0.40%
- UK FTSE +0.45%
- German DAX +0.10%
Global Growth Proxies
- Copper -1.06% $2.9025
- Silver -0.53% $15.175
- Platinum -1.71% $848.90
International Trading for March 4
The China Shanghai composite jumped over 1% as hope continue to mount that a trade deal between the US and China may finally be reached. The Shanghai composite reached technical resistance at 3,065.
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Hong Kong HSI
Hong Kong HSI rose 51 basis points overnight to resistance at 28.980.
Australia
Australia broke above a critical level of technical resistance at 6212.
Again, it continues to be a positive scenario for many of the global stock markets.
US Trading on March 4
S&P 500 Futures
The S&P 500 Future is nearing a big break out and should they rise above technical resistance at 2,818 it may trigger a rise to roughly 2,900.
S&P 500 (SPY)
On the S&P 500 should it rise above 2,812, it would trigger a break out to around 2870.
Tesla (TSLA)
Tesla’s CEO Elon Musk said the Model Y unveil would be on March 14. The stock has a gap to fill up to around $320.
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Merck (MRK)
Merck’s stock is breaking out and could be heading to levels not seen since the year 2001. The stock rose above a key level of technical resistance last week around $81.25, and now may be on its way to $95.
Microsoft (MSFT)
Microsoft may be on its way back to $116, after rising above resistance at $112.
Johnson and Johnson (JNJ)
Johnson and Johnson rose above resistance at $136.75 and has a big gap to fill at $148.40.
Alphabet (GOOGL)
Alphabet is making its way higher and it is nearing a big break out should it rise above $1,170.
That’s it
-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. March 4
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.
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