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DECEMBER 17, 2019
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Subscribe →STOCKS: AAPL, ROKU, BABA, JD, FCX
MACRO: SPY
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN AAPL
US Markets
- S&P 500 Futures -4 points
- 10-Year Treasury 1.86%
- Dollar Index 97.05
- Oil $60.28
- VIX 12.27
International Markets
- Japan +0.47%
- HK +1.22%
- Shanghai +1.27%
- KOSPI +1.27%
- Germany -0.92%
- FTSE -0.17%
S&P 500 (SPY)
Stocks in Asia were stronger overnight, while Europe is mostly lower. The S&P 500 futures are pointing to a minor decline at the opening, about ten basis points. Nothing much has changed overnight from a technical standpoint. There is a gap that needs to be filled at 3,170. Resistance for the market continues to be around 3,200 with room up to 3,212.
Navigating The Market · By Michael Kramer Independent macro and options research, published every trading day. Daily written analysis covering gamma exposure, dealer flows, key levels, and the macro drivers moving markets. Includes full video access. Recent Subscriber Analysis
Roku (ROKU)
Roku is falling today after the company announced its CFO was leaving. The stock has been using the downtrend as a source of support in recent weeks. But the trend seems lower, and that means the shares may fall to $122.
Alibaba (BABA)
Alibaba has risen to around $209 and is nearing resistance at $211. The chart also may be forming a rising wedge, a bearish reversal pattern. For now, $201 is support.
JD.COM (JD)
JD.com is at resistance at $34.80. A break out sends the stock higher towards $37.20.
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Apple (AAPL)
Apple’s price target was lifted to $325 at Cowen $290. If the stock is looking to advance to the upper end of the previous trading channel, then the stock appears to be going to $291.
Freeport (FCX)
Freeport got an upgrade today at BMO to outperform from market perform with a $17 target up from $12. $13.80 is the next level of resistance.
Bullish Betting Suggest Micron Rises Following Results
-Mike
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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.
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