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STOCKS – UBER, BA, ACAD
MACRO – SPY, QQQ
Mike Reading The Markets Premium Content – $35/Month or $300/Year
- Just Fillin’ Gaps Or Something More?
- Uber May See A Steep Decline
- Stocks Are Set To Sink – Morning
- A Massive Week Lies Ahead For The Stock Market
- Proceed With Caution – Morning
- S&P 500 May Test 3000 Before Days End Again
- MARKETS MELTS – BE CAREFUL
- A Quick Fade Or The Start Of Something More?
Michael Kramer and the clients of Mott Capital own ACAD
Stocks staged an impressive come back on June 15, after plunging to start the trading session by nearly 2.5%. By midday, it seemed like one of the typical gaps lower, work higher during the day to fill the gap. As of 1:59 PM, that was happening, with the S&P 500 starting to drift lower once again. But then the Fed issued an update to its plans to buy corporate bonds, and stocks took off.
The update was just that, an update, this program had been announced months earlier, and there was nothing “new” about it. We had been waiting for months for the Fed to start buying individual corporate bonds. The S&P 500 managed to get to as high as 3,081, and that is where it failed. That was the same spot it failed on Friday.
I’m not sure how to think about today. The index kind of finished in no man’s land. For the bears, it would have been best for the index to close below 3,050. For the bulls, it would have been best to close above 3,080.
The Qs managed to rally as well, but also closed below resistance at $340.
Still, this week has several headwinds for the bulls, including Quad Witching, and the S&P 500 rebalance. I went through all of this in the look-ahead for premium subscribers. Remember, it will be bigger then usual rebalance, because if you remember there was no rebalance in the first quarter. (Premium content – A Massive Week Lies Ahead For The Stock Market)
Uber (UBER)
Uber was up a bit, but I saw some bearish options betting on this one today. Also, the stock is now below the lower bound of its trading channel, with the only holding up being support at $30.50. Perhaps it drops to around $28.50. (Premium content – Uber May See A Steep Decline)
Acadia (ACAD)
Acadia filed its sNDA for Pimavanserin today for Dementia-related psychosis. Now we just have to wait for a PDUFA date and potential advisory meeting date. The drug is likely to get an advisory meeting since there are no approved drugs for the indication. The stock has been hanging on at that $43 level nicely over the last few months.
Boeing (BA)
I’m kind of amazed at how Boeing moves around. Now it looks like it is ready to go back to $197.
That’s all I have today.
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.
Liquidity Tightening And Volatility Patterns Suggest Risk Ahead
Mott Capital's Market Chronicles September 19, 2025 1:26 PM