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MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN SHARES OF AAPL
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Subscribe →To no surprise, the S&P 500 finished lower and is now working its way towards technical support at 2,616.
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
- One Last Pay-Down Boost Before The Bill-Issuance Drain Begins
- Reading a Geopolitical Setup — Oil Through the Iran Cycle
- Rates Break The Multi-Year Downtrend, And Only 0DTE Flow Is Holding Stocks Up
- End Of Dispersion Hands The Market Back To Macro And Liquidity
- Bonds And Stocks Price Oil As A Non-Event While Dispersion Unwinds As Expected
NASDAQ (QQQ)
Meanwhile, the NASDAQ is now working its way lower to 6,800 and the April lows.
Russell 2000 (RUT)
Interestingly, the Russell 2000 looks as if the potential a double bottom is forming. It may be too early to say it is definite. But if there a reversal pattern forming it would be positive for the broader averages. Remember the Russell peaked about a month before the S&P 500 and NASDAQ.
Semis (SMH)
The semiconductor ETF SMH also looks as if a similar pattern is forming. Semiconductor stocks also started turning lower at the beginning of September like the Russell.
Technology (XLK)
The bad news is the Technology ETF (XLK) fell below support at $65.50, and that means a decline to $61 is likely.
Apple (AAPL)
It would seem that Apple is heading to $164.
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Microsoft (MSFT)
Microsoft is trying to stay around support at $102, but the downward pressure is likely too great. The stock is likely on its way to $96.
Facebook (FB)
Facebook is also facing steeper declines to around $115.
Oil
It would seem that Oil is well on its way to $42.25.
Goldman (GS)
Goldman looks to be heading to $183.
That is it for today. Sorry to be such a downer on a holiday weekend.
-Mike
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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.
sp500, apple, facebook, Goldman, oil, facebook, Microsoft
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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