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12/29/21
STOCKS – AAPL, MSFT
MACRO – SPY, QQQ, DIA, IWM
- RTM: An Illusion
- RTM: RISK-OFF WARNINGS
- RTM: Volatility Remains Elevated As Volume Disappears
- RTM: Volatility Is Likely To Remain Elevated
- RTM: What Comes Next
- RTM Exclusive: Block, Formerly Square, May Have Further To Fall
- RTM: Closer To The Beginning, Then The End?
- RTM: Volatility May Really Ramp Up The Week Of December 20
- Ford’s Stock Is Ready To Break Much Lower
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN AAPL AND MSFT
Stocks finished the day slightly higher, with the S&P 500 rising by 14 bps and the Qs finishing lower by one bps. A lot is going on in the market, even though it seems like a whole bunch of nothing.
NASDAQ
I think the most critical chart starts with the NASDAQ Composite, with the index trying to break above critical resistance two days in a row and failing. There is an apparent and powerful resistance at 15,850, and it has held firm to this point.
It may look like a double bottom pattern to some, and it could be. But I would caution that this does not work out as a double pattern, and failing again at 15850 would likely drop below the index below the previous lows. I remember this setup very well from the 2018 drop, with the perceived W pattern.
Is it a perfect match? No, of course not, but I think it just tells you that if you don’t get a break out by tomorrow or Friday, good chance we are going much lower. 
DOW JONES (DIA)
Today, the Dow Jones Average climbed right to the prior high on November 8 and stopped. So like the NASDAQ, a critical level to be watched tomorrow, with failure leading to more weakness.
RUSSELL 2000 (IWM)
Meanwhile, the Russell 2000 has risen right back to the trend line and failed.
Apple (AAPL)
Meanwhile, the same story for Apple, trying to make a new high, but has been unsuccessful.
Microsoft (MSFT)
It is the same story for Microsoft.
Anyway, that’s it; I am still working on a reduced schedule this week 🙂
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. Past performance is not indicative of future results.
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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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