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December 13, 2019
Stocks: ACAD, NFLX, AMZN, FCX, TSM
Macro: Dollar, SPY
US Markets
- S&P 500 +10.00 points
- US 10-Year 1.89%
- Dollar Index 96.83
- Oil $59.94
- VIX 12.69
International Markets
- Japan +2.55%
- KOSPI 1.54%
- China +1.78%
- HK +2.57%
- UK +1.73%
- Germany +1%
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN NFLX AND ACAD
Macro
Lots of news overnight with Boris Johnson winning in a big way in the UK, clearing for a path for Brexit to finally be complete. The Pound is surging to roughly 1.34 to the dollar, which is helping to push the dollar index lower.
Dollar
I have often talked about the trends for a weak dollar taking place, and that trend is now in full force. The dollar index has now broken its uptrend and sitting close to support at 96.50. A decline below this region could result in a sharper drop in the dollar index towards 94.
It would be a huge positive for multi-national company earnings power and also should help to lift commodity prices.
S&P 500 (SPY)
S&P 500 futures are pointing higher, and are suggesting an open around 3180 on the S&P 500, as we continue to march towards 3,200. I don’t know what you do if you are perma bear that has been routing for a recession? We have only been talking about this level since March. Morning Commentary- Tailwinds Picking Up Heading Into 2020
Amazon (AMZN)
Amazon is starting to lift, and I noted earlier this week that the stock was getting ready for a push higher, based on bullish option betting and improving technical chart. Amazon Is Seeing Bullish Betting, Suggesting 7% Increase
Netflix (NFLX)
I also noted that Netflix was seeing bullish options betting too, and I also think the stock will continue head higher. Netflix Traders Betting On A Rebound
Freeport (FCX)
Freeport may also have further to climb as copper prices jump, and the dollar slumps. Bets Suggest Freeport Continues To Surge As The Dollar Weakens. These options guys have been nailing Freeport since the beginning of September.
Acadia (ACAD)
Well, whatever was pushing Acadia down in a nearly perfect trend line may be finished. Either a trader set things on a set it and forget it, or the trader was super lazy and flat out bad. You don’t see things this perfect very often. Whatever it is, let’s hope they are cleaned up. Talked about yesterday in the midday update – Stocks Are Breaking Out
Taiwan Semi (TSM)
Taiwan Semi is rising again, and based on options trades and the chart; the stock may be headed to $61. You can read more in this free article – Taiwan Semiconductor: Hot Stock May Have Further to Rise
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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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