Subscribe to receive this FREE daily commentary directly in your email
December 5, 2019
Stocks: ACAD, V, BA, DIS, NFLX
Macro: SPY
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN NFLX, V, ACAD, AND DIS
Reading The Markets Premium Content –
- Subscriber Mailbag- Finding Entry Points With The RSI
- Waiting On Jobs Data – Stock mentions: BABA, FCX, GILD, JD, NFLX, SHOP
- Morning Commentary 12.5.19
S&P 500 (SPY)
Stocks had a dull day, which is fine by me after the moves earlier this week. Now tomorrow, we get that big jobs report, which could very quickly determine just which way the market goes for the rest of the year. After it all, it was on November 1 that we got the good jobs data that sent the market ripping higher for the entire month. You probably forgot it was so long ago.
Anyway, the S&P 500 did manage to finish the day higher by about 15 bps, but it couldn’t get over 3,120. So we can see what tomorrow brings.
Acadia (ACAD)
Acadia had a great day rising by 14% to almost $51. It’s about time. Anyway, the chart is very choppy, making it extremely hard to read. That said, the stock likely has some consolidating to do in this region. Even a mild pullback to $48 seems possible. But based on the data presented last night on the Dementia-related psychosis trial, I don’t see how this doesn’t continue to climb long-term.
Disney (DIS)
Disney is showing signs of a stock that may be heading to $142 over the short-term.
Netflix (NFLX)
Netflix tested support today at $300, and it held. Now shares appear to be forming a bullish reversal pattern, also known as a falling wedge. Perhaps it means shares reverse higher to $315.
Boeing (BA)
Boeing is looking pretty horrible here; look at the RSI grinding lower. I think we go back to $320.
Visa (V)
Visa continues to look strong, and perhaps the stock is finally on a path that can send it to $189.
Ok, back in the morning with your post job report write-up.
-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.
Subscribe to receive this FREE daily commentary directly in your email
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.
Market Liquidity Pressures Build As Equity Financing Cost Plunge
Mott Capital's Market Chronicles 4 hours ago