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The Reflation Trade Is Dead, Plus Micron, Roku, Netflix, and Biotech's

The Reflation Trade Is Dead, Plus Micron, Roku, Netflix, and Biotech’s



The Reflation Trade Is Dead, Plus Micron, Roku, Netflix, and Biotech’s

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN SHARES OF NFLX
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The Reflation Trade is Dead

If you haven’t seen this chart before, then take a close look at it. It is a comparison between the Nasdaq and Dow Jones Industrial since November 8, 2016. Of course, that was the day of the US election, and when President Trump was elected. It unleashed a wave of optimism that his pro-growth economic policies would stoke growth in the US economy, causing a spark for inflation, interest rates on bonds to rise, while significant tax reform would boost corporate earnings. It was nicknamed the “reflation trade,” centered around the bank, material, and industrial stocks

The chart below shows just how tight the correlation between the NASDAQ and the Dow were for almost two years, until, May, then something changed.

^DJI Chart

^DJI data by YCharts

The next chart shows the reflation trade is dead and is rotating into the risk-on, growth parts of the stock market, namely technology, biotech, and consumers.

I talk about this in my member video today, and went through why I believe this is happening, and what it means for these groups in the coming months.

I think overall, quickly, the divergence is only going to widen throughout the balance of the year.  You can watch the whole thing here, and you can get the first two-week’s free, so if you don’t like the service, cancel it. I won’t be insulted if you think it sucks!

XBI Chart

XBI data by YCharts


Micron

Microns results looked good all-around from my point of view. Shares were trading up some after hours to $60.50. I know I said I thought shares might go lower after results, and to this point, I’m wrong, yes. But let’s see how it trades tomorrow before we get too excited.

Remember after-hours trading is always tricky, and the stock traded about 10 million shares tonight. I know 10 million seems like an awful lot, but it is only 1/5 of today’s total volume of 56 million, and its 50-day average volume of 49 million.

An increase above $64 is a huge deal, and likely sends the stock back into the low 70’s. But tomorrow’s trading will be critical.

micron

S&P 500

The S&P 500 was up about 20 bps, but again clear divergence amongst sectors, with Financials and Materials down, and Industrials flat. Meanwhile, Biotech continues to soar, up over 2.3 percent, after a robust technical breakout, yesterday. Technology and Consumer were also better on the day.

I like that the S&P 500 retook support at 2,761. It is a positive. I know I was looking for 2,800 this week, and there are still two days for that to happen.

spx

There is no surprise I’m sure if  I tell you that Netflix, Amazon, and Facebook all hit new highs today.

Biotech

The Biotech XBI ETF reached new heights today as well, after its big breakout yesterday.

biotech

Roku

Roku shares got right up to resistance today and backed off. A rise above $48.20 probably sends towards $52.

roku

Netflix

 

So like if Netflix hits $425 tomorrow, what happens next? I mean really? I have no clue.  But if the last breakout resulted in a $133 point gain, like the previous, then this one takes it $466. We’ll see.

netflix

Inflation Watch

It would seem to me the dollar broke out. Keep an eye on oil.

dollar

Banks

You better watch those banks tomorrow, big stress test results. Is anyone really expecting some of the banks not to pass the stress test?

The falling triangle is just getting smaller and smaller. You know my thoughts.

banks

 

That is it, folks! Night

-Mike

Photo Credit via Flickr

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. 

#biotech #technology #rotation #reflation #trade #Stocks #micron #netflix #roku #banks #dollar

 

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Where Did All The Bears Go? NASDAQ Hit All-Time High

Where Did All The Bears Go? NASDAQ Hits All-Time High



MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN SHARES OF GOOGL

Where Did All The Bears Go? NASDAQ Hits All-Time High

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We do not follow the NASDAQ much here, but today the NASDAQ closed at an all-time high. Where are all the bears now? Where are all the people calling for the end of the bull market, and the days of doom and gloom?  Or the Investors that thought earnings would not matter?  Nobody knows the future, but we can surely use the information at hand to gauge the likely direction for the markets.  So yeah, tracking trends, earnings, and macro forces really do matter. Don’t let anyone tell you otherwise.

^IXIC Chart NASDAQ ALl-time high

^IXIC data by YCharts


Rotation Continues

Stocks continue higher today after the S&P 500 broke above resistance at 2,741, I think this now gives the index a clear path to go on towards 2,800 over the next couple of weeks. It has become clear, in case I haven’t made it obvious, risk-on is back in the equity market, and Technology continues to be the leader.

sp500

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Technology

Technology stocks continue to rocket higher, and with the ETF now trading at all-time highs there are no immediate resistance levels in place. Nvidia is the latest technology stock to breakout, with shares rising above resistance, at $260.50. Alphabet also broke out rising above a multi-month downtrend, rising above $1,140.

google


Biotech

Biotech has also been among the best sectors, but today it was down 22 bps. It isn’t bad considering one of the leaders in the group Nektar got decimated falling by an astounding 42 percent, yeah, that was just today. The data that the company presented at ASCO, a cancer conference, was less than inspiring and created more questions than answers.  In this case, the chart doesn’t help and doesn’t even pay to look at. I suspect it isn’t done falling, either. That is my guess.

Gilead

Gilead had a good day, as we noted in the Sunday write-up, the case for $72 is in the works.

gilead

Biogen

Biogen continues to struggle at $300.

biib


Oil

Oil prices fell again today, below $65, and I now think there is a good shot for Oil to head lower towards $61.

oil

Thanks to all the loyal readers, and I hope if anything I have helped you through the recent market volatility. I know in the stock market one can never declare victory, but occasionally, it is nice to acknowledge when you have had a good run.  I think we have put together a solid run of late.

If you enjoy these write-ups, please feel to share with friends or peers via social media.

Thank you!

-Mike

 

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-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. 

Tags: #alpahbet #nvidia #technology #nasdaq #biotech #technology #oil

Amazon's Stock Nears Big Break Out, While Micron's Stock Gets Crushed

Amazon’s Stock Nears Big Break Out, While Micron’s Stock Gets Crushed



Amazon’s Stock Nears Big Break Out, While Micron’s Stock Gets Crushed

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michael kramer and the clients of mott capital own shares of googl

Stocks continue to churn, with the S&P 500 down about 70 bps today, giving up some the gains from yesterday. But as we noted yesterday, there is a clear rotation going on in the marketplace, because today’s best sectors were Technology and Biotech, while Industrials and Financials struggled. Staples were lower today, and I think this more of a reflection of the imposed tariffs put in place, the likelihood of retaliation from other countries, and the potential impacts on sales and expenses.

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Tectonic Shifts In The Stock Market

Biotech

Biotechs continue to advance with the biotech ETF XBI increased to roughly $95.60,  about $2 beneath its all-time. Amazing. It wasn’t so long ago that the ETF was sitting at $85

biotech chart

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Technology

The technology group is also moving higher, and I decided to redraw the pattern in the chart of the ETF XLK.  It is still a bullish pattern, and I still think the sector continues to rally higher.

technology stocks


Alphabet

Alphabet was one the stocks that jumped today, with shares up almost 3 percent. I think the stock still has further to rise, maybe towards $1,125. A rise above $1,125 would be a significant development and substantial positive for the stock going forward.

alpahebt

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Amazon

Amazon is breaking out, and I do think it likely has substantial room to rise ahead on towards $1850.

amazon


Gilead

Gilead shares also look as though they are consolidating nicely, and it appears to have a flag pattern. It could help share rise towards $72.

gilead


Micron

Micron shares got crushed today after Morgan Stanley downgraded the shares, to equal weight. I didn’t have access to the actual note, but the write-up I read makes the call sound wishy-washy and feels like a downgrade because the stock got to the analyst price target, and the analyst doesn’t feel comfortable raising the price target. That is my take away.

Regardless, shares got hammered because that is what high beta stocks do. But the stock did stop falling around $57.50, which is a positive. The chart doesn’t look too damaged, but that doesn’t mean the selling is done either. The chart is not easy to read at this point, with gaps galore.  It would seem there is explicit support at $54, and unfortunately, $61.50 will now act as resistance.

The thing that can happen, two weeks of sideways trading to consolidate.

micron

That is it! Tomorrow we move into June. Time goes so fast, doesn’t it?


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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.

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Tags: #sp500 #biotech #technology #micron #amazon #gilead #alphabet #staples

Stock Market Sentiment Is Turning More Bullish – For The Week of May 21



Stock Market Sentiment Is Turning More Bullish – For The Week of May 21

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Michael kramer and the clients of mott capital own shares of Swks

The bull run in stocks was put on hold last week, but the current run is likely not over. In fact, there appears to be a clear separation that has taken place since the start of May. We find that Biotech and Semis are the leaders this month, with each up by over 7.5 percent. Followed by a group of Technology, Energy, the Small Cap Russell 2000, and Materials all up about 5 percent. Meanwhile, the S&P 500, Financials, Health Care, and Discretionary are all up about 1 to 2 percent. Finally, Utilities and Staples are down on the year.

XLK Chart

XLK data by YCharts


What Is The Market Telling Us

It tells us how the market is feeling on a couple of topics. The underperformance of the utilities and the staples is an apparent concern by investors regarding the more interest rate sensitive portions of the equity market. As interest rates rise, dividend yields must increase, and that puts downward pressure on the stock prices in the group. Additionally, it would also suggest a rotation out of the defensive part of the market.

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Risk On Back

Meanwhile, the risk-on parts of the market, Biotech, and Semis are in favor and that would suggest that investors are feeling more comfortable moving back into the riskier more volatile parts of the market. It would indicate to me that if these two sectors continue to perform well, the market will continue to rise.

Even the second tier of leaders, in Technology, Energy, Small caps, and Materials are another layer of risk, and again it too supports the continued rise in the broader S&P 500.


Looking at The Semis

When we look at the semiconductors, AMD has been the best performing stock this month rising by about 20 percent, followed by Qorvo, Micron, Teradyne, and Skyworks.

Teradyne

Teradyne’s significant gains in May are more of a bounce back, because even with the 15 percent rise thus far in May, shares are still down by nearly 25 percent from their peak earlier this year. The poor company guidance led to be a big gap down in the technical chart. It seems like the stock wants to fill that gap back to around $40, but one must worry that once filled, the stock may continue that trend lower.

Qorvo

Qorvo has been a stock stuck in a trading pattern of up and down since the start of 2017. After a significant gain; shares could be heading back the other way.

qrvo

Micron

Micron gave us the big breakout, but to this point, resistance at $54 has proved challenging.  But what I take as a positive is that that stock has been rising on more volume, and the trend, for now, continues to be higher. I still think we reach around $61.50.


Waiting On Qualcomm/NXP

It will be interesting to see given the setup in these stocks if there shall be a rotation into other parts of the semiconductor space. Remember, we are still awaiting word on the Qualcomm/NXP deal from the regulators in China, regarding a potential approval. If that should happen, I think the sector will get an extra jolt, in a sign that that trade tensions has been easing between the US and China.

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Staying Hot

For the most part, we need to continue to see the risk on the part of the market stay hot, and investors continue to move back into these parts of the markets.

Perceptions and Mood

At this point, much of where stock prices go will be driven by sentiment, mood, and perception more than anything else. Fundamentals are solid, with GDP for the second quarter tracking at 4.1 percent, according to GDPNow, through the mid-way point of the quarter. Meanwhile, earnings season for the first quarter of the year were very strong.


 

Strong Fundamentals

According to Dow Jones S&P Indices of the 91 percent of the companies in the S&P 500 to have reported results 77.25 percent beat estimates, while sales grew by about 9.5 percent versus a year ago. The S&P 500 is trading at just 16.7 times 2019 earnings estimates of $163.33 per share.

It is a robust fundamental setup, while the bulls appear to be coming back.

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.

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Tags: #stockmarket #may21 #bull #senitment #biotech #technology #semiconductors #chips #stocks 

Stocks and Sectors Breaking Out For The Week of May 14

Stocks and Sectors Breaking Out For The Week of May 14



Stocks and Sectors Breaking Out For The Week of May 14

Michael kramer and the clients of mott capital own shares of acad, dis, and googl
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The week of May 14 will try to continue to build on last week’s strong performance. With earnings pretty much behind us now, investors can continue to digest the strong earnings seasons. Meanwhile, the latest inflation and wage data should also calm nerves over runaway inflation or a Fed that will need to be over aggressively, and allow for stocks to continue to rally this week.

sp500

The S&P 500 broke out last week, and the relative strength index also broke out, and I think we should continue to see the broader market continue to trend higher this week. I’m still looking for a rise to about 2,800 on the S&P 500 over the next couple of weeks.

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Consumer Stocks

We have seen Technology names breakout over the past week, and I think we see the consumer stocks finally breakout this week.

The XLY ETF is very close to breaking out, and the RSI also appears set to breakout, I think that happens this week.

consumers


Amazon

As I have written previously, Amazon is close to breaking out, and I think that breakout can happen this week, as it sits right below resistance.

amazon


Home Depot

Home Depot is another one that already has broken out, and is reporting results on May 15. Analysts are looking for earnings for $2.05, on revenue of $25.2 billion.  A return to $210 may be reach for later this week.

home depot


Disney

Disney is also likely heading higher, potentially back to $111.

disney

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Nvidia

Technology stocks have already broken out, and we are going to want to see a strong continuation this week. Nvidia is going to be the one to watch here. It has broken out, and the earnings results served as a retest of the breakout, and it held. Now we to see a follow-through higher.

nvidia


Micron

Micron also broke out, and I think a rise to about $54 is in the works.

micron


Alphabet

Alphabet is has been on a tear, I think that one continues, on towards $1150.

alphabet


AMD

AMD has also broken out and a rise to $13.70 could be coming shortly.  amd

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Biotech

Another group I will be watching are the biotechs, to see if they can build on Friday’s strength.  The XBI appears to have broken out, and the RSI did as well.  We could see a rise back to the highs around $96.

biotech


Nektar

Nektar shares bounced right off support around $70, the key this week is if the stock can get back over $83.

nktr


Acadia

Acadia may also be close to breaking out and a push back to $27 would sure be nice.

acadia stock

 

Mike

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Tags: #amazon #consumer #technology #biotech #homedepot #acadia #nektar #disney #nvidia #amd #micron

Biotech's Stock May Have Finally Been Unleashed

Biotech Stocks May Have Finally Been Unleashed

Biotech Stocks May Have Finally Been Unleashed

Michael Kramer and the Clients of Mott Capital Own CELG
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Stocks continued to move higher, led by the Biotech’s, which were up by about 3 percent. There’s something we haven’t said in a long time. The highly anticipated speech regarding drug prices by the President didn’t seem to be as bad as many had feared. Increasing competition, deregulation, cutting out the middlemen, is at the core of the proposals, based on my interpretation.

The drug pricing overhang had plagued this sector since September 2015, when Hillary Clinton made it a political point in the race for President. If this is the worst of it, I think the group might have much further to rise. Companies like Celgene, Gilead, Biogen, and Amgen are all trading at some of their lowest earnings multiples in years. Albeit for good reasons in some cases, but some of the valuations seem excessively low.

The details aren’t fully known yet, and what ends up getting put into law may be very different. But just knowing the blueprint for how they plan to tackle drug pricing might unleash the sector from the shackles of the past three years.

I think the group is likely heading higher.
biotech


S&P 500

The S&P 500 continues to rally, and finished near the highs at 2727, up about 2.5 percent. The setup continues to look strong.

sp500

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Amazon

Technology stocks continue to look strong as well and so do consumer stocks, even though Amazon still didn’t break out.  $1620 is proving, for now, to be tough for Amazon. Now that I’m calling for it to rise, it will probably go down! Ugh. We shall see.

amazon

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Nvidia

I’m surprised Nvidia was down today. But I also do not think today’s price actions mean the stock is going lower. Shares held firmly above support around $253. The results were stunning, and this probably keeps working higher.

nvda


Amgen

Amgen shares continue to look strong as well, with a well-defined double bottom, and what looks like a solid path towards $178 to $180 range.

amgen

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Gilead

Gilead also looks as if it could see a rise to about $72.

gilead


Biogen

Biogen also looks like it is on the cusp of a big breakout.

biogen

That is going to be it for today.

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Tags: #biotech #amgen #gilead #biogen #technology #amazon #sp500

Nvidia Crushes It, Amazon Nears Breakout, As Roku Fades

Nvidia Crushes It, Amazon Nears Breakout, As Roku Fades

Michael Kramer and the Clients of Mott Capital Own AAPL, NFLX, and GOOGL

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We got the follow through I was speaking of last night, with another strong day in the broader S&P 500 which managed to finish higher by about 1 percent. The key thing, we closed at 2723, and that took us above the highs from mid-April of 2715. Not to get too granular, but the next region of resistance is around 2750, then 2800.  I still think we are well on our way to 2,800.

spx

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The Setup In Stocks Continues To Improve

Technology

Once again, we got another strong day out of the Technology ETF with the XLK rising to just about $70. I’m wondering now if we aren’t on a path to around $75 on the XLK. Some of the larger technology stocks in the ETF are cheap enough to push the price up to those levels.  Apple, Facebook, and Alphabet, to name three off the top of my head.

technology


Microsoft

It looks like Microsoft did breakout today.  It probably has room to rise to around $101.

microsoft


Amazon

The one stock that hasn’t participated much in the recent rally has been Amazon; it has been stuck at resistance now for a few days. I have a feeling that is about to change in the coming days, maybe even tomorrow.

amazon


Discretionaries

The reason I say that? Just look at the consumer ETF XLY, if that chart doesn’t scream of a potential breakout, then I don’t know what does. The ETF is going nowhere without Amazon, with its massive 22 percent weighting.

consumers

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Energy

This chart in the energy XLE ETF is the strangest thing I have ever seen, and I can’t make heads or tails of what it means. The problem with the XLE ETF is that Exxon has a 22 percent weight, and Chevron is at 17.25 percent. There are probably better ways to play the energy sector.

energy


Financials

Financials are also finding a nice bounce here.

fianncials

Roku

The excitement in Roku quickly faded by mid-day, and you can see the stock got to resistance and caved in. Look, I told you what I thought of Roku’s numbers last night. I don’t think they were as strong as everyone first thought. I’m sorry, show me that ARPU in 6 months, when it is coming off that tiny base of active accounts.

roku

Nvidia

Nvidia posted some fantastic results. I really would like to know how they do it! Revenue growth of 66 percent since last year. Data center growth up 70 percent to $701 million! These were huge numbers.  Guidance was better than expected, margin improvement. I didn’t hear the call but read the notes, and I can’t find anything wrong at this point. I’d be shocked if the stock is down tomorrow.

That’s It!

-Mike

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Stocks Really Breakout, A Look At Roku, Where Does Oil Go

Stocks Really Breakout, A Look At Roku, Where Does Oil Go

Stocks Really Breakout, A Look At Roku, Where Does Oil Go

Michael Kramer and the clients of Mott Capital own shares of TSLA, GOOGL, NFLX

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The S&P 500 was in rally mode, and it was a strong day across the board. Biotech, Tech, Financials, along with Energy.  The setup in the S&P 500 continues to remain very strong, and I think we may have just broken out.

sp500

In fact, the relative strength index is also showing signs of breaking out, and it would take a rise to about 60 on the RSI to confirm the bullish move.I’d like to see another strong trading day tomorrow, to prove today’s rise was real and give the index some breathing room. But the underlying sector charts are looking reasonably healthy as well.


Technology

We can see the same setup in the chart of the technology ETF (XLK), along with a strong setup in the RSI.

xlk

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Google

Alphabet shares appear to be breaking out, and I noted in an article earlier today on Investopedia, I think it might rise to around $1150.

alphabet


Netflix

Netflix appears to be on its way towards $340.

netflix

Microsoft too.

microsoft


Micron

It isn’t much different in some of the semis either. It was Monday I wrote that Micron was in the final phases of a descending wedge, and sure enough it broke out today, $54 appears to be next.

micron

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Tesla

Tesla is on the doorsteps of a significant breakout as well, currently trading around $310, which could send shares higher on towards $330.  In case you missed it, California voted to have all new houses equipped with rooftop solar panels.


Biotech

Biotechs are also looking relatively strong as well, and I still think that the group can continue to work higher. I know there is nervousness about this drug pricing speech that is now coming on Friday. But I have been saying since 2016, that I think any policy on drug pricing comes in the form of a quicker approval process, to increase competition.  I don’t see it happening through price controls.

biotech


Oil

Well, Oil is within 4 points of my $75 target, which by the way I called late last year. I have been thinking about where it goes from here.  I do not see it going much higher in the short-term. In fact, if I were a betting man, I’d say we see $60 before we see $80.

oil

I hope everyone realizes once Oil stops rising the whole inflation narrative will disappear too? Right? I’m talking to myself; Of course, they don’t.


Roku

So, I have to say that the Roku’s numbers look solid on the surface, two things stand out as concerns to me. Player revenue fell 3 percent from last year, and I guess that revenue will continue to decline. Which means the revenue numbers you are left to truly rely on to drive that future growth is just the platform.

Also, I’m curious as to why platform revenue fell sequentially, to $75 million from $85 million? Interesting. Platform gross profit margins also fell both from last year and sequentially, to 71.1 percent from 77.1 and 74.6 percent, respectively.
Additionally, the rate of net additions fell in the quarter.

The ARPU numbers are reported in a weird way, I’m not all that familiar with the style. The company takes the average number of users in the 1Q’18 and 1Q’17 and then sums up total revenue for Q2, Q3, Q4, and Q1’18. They then divide that revenue total, by the average number of subscribers to get ARPU. By the way, I had to look in the IPO prospectus to figure that out! But the number of subscribers in the 1Q’17 was only 14.2 million, so it makes the average way too low. It gives an average of 17.5 million accounts, on total platform revenue of $264 million, giving you an ARPU of $15.09, some rounding in there.

But do just a straight ARPU calculation of (Revenue/Users)/3 months, and you get $1.20 in the quarter, down from $1.47 the previous quarter. I dunno. You be the judge.

Anyway, the stock is trading pretty much where I predicted it would at $37. So where it goes from here is anyone’s guess.

roku

That is enough.

-Night

-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.

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Tags: #micorsoft #technology #semis #tesla #roku #nvidia #micron 

 

Technology and Semis Are Leading The Stock Market Higher

Technology and Semis Are Leading The Stock Market Higher

Technology and Semis Are Leading The Stock Market Higher

Michael Kramer and the Clients of Mott Capital own shares of TSLA

The S&P 500 had a solid day, rising by 35 bps, closing at 2,672. We gave back some of the gains late in the day around the time of the Iran headlines, but it may have been more of a gap fill. The chart shows that the S&P 500 is very close to the upper bound of the trading range so that the next few days will be telling as for whether we breakout and continue our rise, or we retrace back to the 2615 region.

spx

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Technology

Technology shares continued their advance, and the setup in the group continues to look positive. We’ll need to monitor and see if the XLK ETF continues to stay within the channel. The most important thing we are watching is that we continue a pattern of higher lows.

technology


Semis

It looks like the iShares PHLX Semiconductor ETF (SOXX) may have also broken out, another positive. I’d like to see a strong follow-through tomorrow to confirm. I bought some calls for the SMH ETF on Friday anticipating a breakout in my trading account. Not something I often do, but sometimes old habits die hard. Hopefully, I will prove right on this one.


Microsoft

Microsoft has this sizeable ascending triangle forming, and that may mean shares set for a big breakout.

msft

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Amazon

Amazon shares continue to hover just below resistance around $1,620. The next day or so will likely be telling for that stocks future direction.

amazon


Nvidia

I wrote the other day, I saw Nvidia getting back to $250 after results, well it almost got there today! Does that mean we are going even higher? I’m not ready to change the call yet.

nvidia

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Roku

Roku had a solid rise of 5 percent today, with the stock hitting some resistance around $34. Implied vol is at almost 119% for the options set to expire in 11 days, according to Trade Alert. That is crazy.

roku


Tesla

Tesla shares got a boost after reports Elon Musk bought 33,000 shares of stock. The stock has now recovered all of its losses following the quarterly results.

Tesla registered another 5,009 VINS for the Model 3 today with the NHTSA. From April 23 through May 6, Tesla registered about 6,000 VINS. That would indicate they may be producing about 3,000 cars per week. We’ll see when the next batch of VINS are recorded, and the spacing between dates.

I have now seen three Model 3’s where I live on Long Island over the past week, so they are around, and I will continue to keep track.


Micron

The last time I wrote on Micron, I noted it looks like shares broke out. Well, I was embarrassed because the stock went down. I haven’t been wrong on Micron much in the past, and this time I was. But now the setup in the chart is becoming more evident, and a breakout appears to be coming. Look at that falling wedge in the chart, along with a solid uptrend. It means a reversal is bound to happen, and that means shares are getting ready to.

micron

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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.

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Tags: #micorsoft #technology #semis #tesla #roku #nvidia #micron 

Stocks Are Getting Ready For A Big Breakout, Plus A Look At Apple

Stocks Are Getting Ready For A Big Breakout, Plus A Look At Apple

Stocks Are Getting Ready For A Big Breakout, Plus A Look At Apple

Michael Kramer and the Clients of Mott Capital own shares of AAPL, NFLX

Another positive day on Wall Street with the S&P 500 climbing by nearly 1.3 percent closing at 2,663. I still happen to think the setup in the S&P 500 is positive, and rise to 2,800 is at work. I spoke about it the other day, and I continue to think that is very much case. The more I look through companies earnings and trends; the more positives keep emerging, over the negatives.   

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Technology

When looking at sectors the same positives trends keep showing up for the most part. In fact, it would appear the technology sector broke out today, and that is a very positive sign. In fact, a rise back towards $69 is maybe on the way.  The relative strength index broke out today as well.

xlk

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Getting Long Apple

A Rise Back To 2,800 On The S&P 500

Biotech

Biotech stocks have been stubborn and have been able to hold support at $100 nice. I think it sets the group for a rise of about 10 percent back to $110.

biotech

Consumer

We can see a similar pattern forming in the consumer discretionary stocks as well.

xly

The same with the chip sector.

soxx


Microsoft

Microsoft has a rising-triangle formation in, and that suggest may about to rise.

microsoft


Netflix

Netflix appears headed towards $340.

netflix


Not All Equal

But that doesn’t mean all stock is about to rise because Facebook, Amazon, and Broadcom have struggled to move higher, and I think it may continue to stay that way. Well, see though. I just find it interesting that Amazon and Facebook reported monster results, and the market hasn’t rewarded them in a big way.

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Apple

I teased this idea on the blog the other night about Apple and a Netflix like valuation. No, I do think Apple will trade at a 60 earnings multiple, but I think in time as investor begin to realize services are becoming a more significant part of the revenue, the market will give the company a higher earnings multiple, as the stock moves away from being primarily an iPhone business.

More and more of our lives are moving to mobile devices, and I think Apple will now start to provide even more services on top of the hardware to make substantial growth the future. Well see, but I like the idea enough, that I bought it today.

That is it for a Friday.

Mike

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Tags: #apple #netflix #amazon #technology #bitoech #microsoft #sp500

Micron, Amazon, Halliburton, Anadarko All Have Big Breakouts

Micron, Amazon, Halliburton, Anadarko All Have Big Breakouts


Micron, Amazon, Halliburton, Anadarko All Have Big Breakouts

The S&P 500 got up to 2,713, and it stalled out at that level. It makes tomorrow price action critical, because should it rise above 2,713 it signals a strong breakout. If it should move lower tomorrow, it could serve as a double negative, with a filled gap and a reversal, while failing at resistance. I’d like to see the S&P 500 rise firmly above 2,713 tomorrow, and with some significant earnings coming up next week it could set up a positive tone.

S&P 500


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Technology

Technology names continue to trend higher, as well, and I think also it serves as a positive for the broader S&P 500.

technology

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Micron

Micron stock had looked pretty lousy, and at the open, the stock seemed like it was going to cave and give us that big break lower. But then shares jumped sharply higher and took off. When looking at the hourly chart you can see a reverse head and shoulder in it, and couple it with the breakout, and the narrative suddenly changed.  It was just the other day, I could make a strong case for shares retesting the April lows, and that looks completely wrong, now. $55.50 is the next level to watch with a clean rise above that level sending the stock easily on towards $58. It isn’t easy reading these chart usually, and in this crazy market, it feels downright impossible some days.

micron


Amazon

Two interesting points on Amazon today, first word the company has over 100 million prime subscribers. A considerable number and extremely impressive. The stock jumped in the after-hours on the news, but I am not sure it changes anything, for the stock.

The stock broke out today, can I say I’m surprised? No. I thought it would retest $1,440 first, but I guess the market had something else in mind. Next weeks earnings results will be a huge deal, and I think it may take a massive beat to advance shares further. But that doesn’t mean the stock can’t rise back to $1,600 in the interim.

I still think based on the current sales estimates,  shares are expensive based on historical sales multiples, but a solid beat and strong guidance would up those estimates, and likely lower the valuation. So the upcoming results are a big deal, and the guidance will be even more significant.

amazon


Roku

Second, Amazon announced it would partner with Best Buy to sell TVs. Roku’s stock fell hard on this news. Did the market finally realize that what Roku does isn’t so unique? Well, it isn’t, any TV maker can do what Roku does, and the rise in the stock yesterday due to ESPN + becoming available, as I said yesterday, was a complete joke. Roku is not the second coming of Netflix. By the way, if Netflix thought Roku was such a game changer, why did Netflix spin it off Roku? Netflix didn’t want to become a streaming media device company, and potentially have barriers to other streaming devices.

roku

Energy

These energy stocks are starting to fly, and perhaps some of the money these financials are losing is going into energy companies. As I have said, Oil looks primed to rise to $75, and it is getting close to that price, now up to nearly $69.


Halliburton

Halliburton shares have broken out rising above $50.25, and should oil keep rising a move towards $58 seems like the next stop.

halliburton


Anadarko

Anadarko broke out as well rising above $63.75, and resistance area comes around $73.

apc

That is going to be it.

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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.

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Tags: #stockmarket #sp500 #energy #oil #amazon #micron #roku #halliburton #anadarko #technology #energy

stock market transition

The Stock Market May Be In The Middle Of A Major Transition


The Stock Market May Be In The Middle Of A Major Transition

It feels as though the dynamics of the stock market may be changing. Although I can’t say it for sure yet, I feel like the more companies I research and watch, the more reasons I find for stocks to move lower, rather than to rise. The charts are also not looking solid in many cases, and that would suggest to me the market may be going through a transition currently. I will continue to think on this and report back as I find more evidence to support this theory. The market could be transitioning more to a stock specific market and less of a sector related market.

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S&P 500

The S&P 500 continues to fail around 2,660, and I’m not sure what that means at this point, other than it being a negative sign.

spx

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Technology

The technology XLK also failed to continue its rise from yesterday, falling below $66.

xlk


Facebook

But again, Facebook continues to rise closing above $166. The stock may continue to work higher from here.

facebook

Amazon

But Amazon continues to struggle, at $1,440. I drew in new downtrend today as well. For a stock that is set up to report results in the next couple of weeks, the stock is not acting like results will be strong. It seems like the direction could change with a just a mere tweet though. But the longer it stays below $1440, the more the odds of decline further are.

amazon


Netflix

Netflix got a bunch of price target increases ahead of Monday’s results. Cowen went to $350 from $275, Goldman going to $360 from $315, Raymond James going to $330 from $290. Shares were up most of the day but gave back some going into the end of the day.

The longer-term pattern in the stock chart continues to be bullish, and a breakout could come after results, with a rise back into the $330.  I wrote up my outlook for the stock over the weekend.

netflix

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Sectors

The Consumer stocks failed at resistance today, and as long Amazon is stock is struggling the ETF will go nowhere. Amazon has an enormous 20 percent weighting in the ETF, with Home Depot being the second largest at 7 percent!.

Right now, it feels like there a bunch of mixed signals taking place in the market. Biotech stocks continue to struggle. Financials have a big day coming Friday, while Materials don’t look particularly strong either.

But the good news is that the 10-year continues to trend lower, and is currently at 2.79 percent, while the dollar remains relatively unchanged.


Stock Specific

Earnings will need to be better than expected to get the whole market moving higher. Otherwise, it is starting to look a market that is going to be stock specific. We’ll see how things come together over the next week or so.

Good Luck!

Mike

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stock market biotech

Stocks Rip Higher, Plus A Look At The Baker Brothers Top 5 Holdings


Stocks Rip Higher, Plus A Look At The Baker Brothers Top 5 Holdings

This stock market is getting frustrating. Yeah, I know the S&P 500 was up by 1.6 percent on the day, but the problem is that it closed at 2,656. In the midday commentary, I noted I was looking for a close above 2,660. I know it is only 4 points too but look at the trend line in the chart below.

S&P 500

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Technology

But here is the good news, the technology ETF, XLK broke above $66, and closed above $66. That is a victory! We can see that the XLK broke out on Apri 4, then retested the downtrend on April 6, and we have been higher since. If the breakout is for real, the the XLK could be on its way back to over $67. In fact, should the bulls juice get flowing, then a rise to $70 could be a genuine possibility.

techology

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Facebook

The majority of the XLK breakout should be to Facebook, finally rising above $161.5, after multiple failed its attempts. I’m guessing the market liked the testimony Mark Zuckerberg had to offer Congress. $166 will be a big test of how strong resistance is there.

facebook

JP Morgan

But not was all fabulous, because JP Morgan is still around $112.50, unable to break out, and earnings coming on Friday morning.

jpm


Amazon

Amazon tried to get above $1440 and is still cannot.

amazon


Biotech

Even biotechs had a healthy day, with the IBB rising by nearly 3 percent. It also broke out of that terrible downtrend it had been in since mid-March. That looks like a sextuple bottom in the IBB. Is there even such a thing? To my knowledge no, but there it is.

ibb

Biogen shares still look lousy.

biogen

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Baker Brothers

Even the Baker Brother’s top holdings are starting to go back up, barely. Their top holdings have performed lousy for some time as if some more prominent investors are betting against them, trying to keeping these stock down. Is that even possible? Look though. \

Alexion

Look at Alexion despite, the positive trial results, and a bunch of analysts upgrades this thing still can going. The average analyst price target on Ycharts is $158, 40 percent upside! What gives?

alexion


Incyte

Even Incyte bounced a bit today; it has been smoked since the negative trial results. This stock was once $150, over a year ago. Remember this was thought to be a buyout candidate back then.

incyte

Well BioMarin, not much to say here, but then again it has been that way for 2 years!

bmrn


S-GEN

The Seattle Genetics chart is not looking so hot, let’s say it is a tipping point and looks bearish.

sgen


Acadia

Finally Acadia, maybe, just maybe, the stock has puked out all the garbage and negativity, maybe. Thanks, CNN you did more damage than any sell-side analyst could have done.  Forget about filling gaps, let’s just get the stock stabilized, and hope the article didn’t destroy future sales. acadia

That’s it

Mike

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Stocks Breaking Critical Support And Could Be At Risk Of Falling Further


Stocks Breaking Critical Support And Could Be At Risk Of Falling Further

The stocks market recent bout of volatility is not only exhausting but confusing as well. It started in early February on inflation concerns, it moved to rising yields, to trade war fears, to Facebook, to Amazon, and now back to trade wars. So which is it? Not sure. But it does tell us one thing. The market and buyers are extremely fragile, and the slightest bit of negative news is enough to get traders to dump their shares.

It was January 29, that I warned stocks were looking toppy going into quarterly results, and for the most part those results were strong. But yet they weren’t enough to keep equity prices from dropping. But as I had noted back then, some of the prices had gotten way ahead of themselves. After the market bottom in early February, technology stocks took off once again, with shares of Amazon and Micron surpassing their previous highs, as analysts upgraded and raised their price targets.

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During the latest round of selling stocks likes Google, Netflix, Micron, Nvidia, Apple, Microsoft have managed to hold on and avoided breaking some key levels of importance. But in Friday’s commentary, I noted concerns, and cracks started emerging, and that was extremely worrisome to me.

Nvidia

Nvidia, which has held extremely well at $218 finally broke, and that should be a concern.

 

The RSI has been trending lower since peaking in mid-February over 70, and volume has been tapering off in recent days. If the stock bounces Monday and is unable to get above $219, it is likely a good sign that next move is lower to around $204.


Apple

Apple share failed at resistance around $174 moving below support at $169. If that isn’t a crack then I do not know what one is. I think downside is limited here to maybe $160ish.

 

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Biogen

Biogen shares continue to melt, with no end in sight, it might not stop falling until $250.


Incyte

Incyte totally blew-up on Friday after reporting negative results on its trial for one its cancer drugs in development in combination with Merck’s Keytruda. This is just another example of why the Biotech sector has been so terrible in 2018.


Nektar

It took Nektar down with it.

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GE

I still think GE is heading to a $10 handle.

Blackberry

Blackberry cracked and could be headed towards $10.

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Microsoft

Microsoft held support at $91.50 until it no longer could. Not good.

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Micron

Micron held $49.75 until it cracked as well.

Google

But at least one stock is still holding on. It is the lone wolf here.

-Mike

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Tags: #sp500 #tech #technology #tesla #micron  #nvidia #google #blackberry #ge 

 

 

Nvidia, Micron, Apple, Amazon Showing Serious Cracks


Nvidia, Micron, Apple, Amazon Showing Serious Cracks

Despite all the market turmoil, for which the reason seems to change on a daily basis, the S&P 500 is only down 1.38 percent on the year. I think that is the more important thing to focus on, and not the daily swings of 2 percent. Becuase at the end of the day despite all the stock market volatility, the stock market has virtually gone nowhere!

So while the reasons for the market going lower seem to change, some things have held constant, until today, and those minor changes have caught my attention.

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Technology

First, the XLK breakout from the other day is being severely tested, with the downtrend now in play again.

technology

Biotech

The IBB is now below the February lows.

biotech

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Financials

The XLF failed in a big way at resistance, around $28.

xlf


Nvidia

Nvidia broke support at $218 and closed around $214.50, and for the first time in all the chaos shares look at serious risk of falling towards $200.

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Micron

Micron opened lower and retook $49.75, and like Nvidia, it gave way and closed well below support, and that is a bad sign too, with the potential for a further decline towards $46.75.

micron


Amazon

Amazon failed twice at resistance now around $1440 level, and I continue to think this one trades lower.


Apple

Apple closed below support at $169.

So Confused

Obviously, the market is far more significant than these four stocks, and at this point, it seems hard to predict what the potential next hurdle or hiccup comes in the markets way over the next week. It seems that everytime a bit of positive momentum builds it is meet with some obstacle that sucks the energy out of it.  From “trade wars,” to Amazon and the Post office, the FED, inflations, and yields. The stock market thus far this year seems like a moving target, and for the first time in about three years, I am having a hard time getting the general trend right, and that is bothering me.

But, the good news comes next Friday when the narrative will change to earnings. The only left to be to determined, will earnings push stock prices higher or will it become just one more thing the market can add to list of worries.

More this weekend.

-Mike

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Tags: #sp500 #tech #technology #tesla #micron  #nvidia #jobs #bls #sp500 #xlk

 

Stock Market Rally Continues, Jobs Report May Be Non-Event


Stock Market Rally Continues, Jobs Report May Be Non-Event

In the midday commentary, I noted that S&P 500 was running into some resistance around 2,675, and that level stood firm in the afternoon session. The job report tomorrow will prove critical as to whether the S&P 500 advances further, or suffer a setback.

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spx

Jobs Reports

The job numbers have been trend higher on the BLS, with y/y gains accelerating, and I do not expect that to change in tomorrow’s report. In fact, the strong ADP results support my belief that we will continue to see meaningful job acceleration.

In fact, I continue to believe we can see meaningful job creation, without the unemployment rate falling, as the U6 number is still rather high, historically.

The labor participation continues to be extremely low, and as workers continue to come back to the labor market, I expect that participation rate to continue to rise. Remember the U3 “headline” measure of unemployment is a lousy indicator to measure true unemployment, as it counts those recently unemploy and actively looking for work. Not those that gave up looking 6-12 months ago.

It is also the reason, why wage inflation is likely to stay in check when the reading comes out. I would not be surprised to see it lower this coming month than last.

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Technology

We can see that the technology ETF XLK failed multiple times around $66, we are going to want to see the technology ETF break above that level of resistance.

technology


Tesla

Tesla managed to get above the $303.5 level as I noted earlier in the day, and again that is a positive for the stock. The next big event for investors to worry about will be the burn rate when the company reports results sometime at the end of April or beginning of May.

tesla


Nvidia

I know the Citron tweeted today about Nvidia going sub $200, but for now, the market seems to disagree. $218 has been like a rock through a lot of market turmoil, and I’d be surprised if $218 cracks, something fundamentally would need to change, such as an earnings miss or poor guidance. But right now, I’m not seeing a move below $200 happening.

nvda

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Micron

It is the same thing with Micron, with the Sell rating by UBS. The area around $49.75 still seems stable, and it is going take more than a lone wolf downgrade to get this thing below that price.

micron

Qualcomm has seen some interesting option volume lately and could be pointing to a decline of 13 percent in the stock.

The opposite could be said with Netflix, as traders are betting shares rise over $320.

Good Luck Tomorrow

-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.

© 2018 Mott Capital Management, LLC.  Use, publication or reproduction in any media prohibited without the permission of the copyright holder.

Tags: #sp500 #tech #technology #tesla #micron  #nvidia #jobs #bls #sp500 #xlk

stock market rally

Stock Market Sees Big Rally, This Time It Maybe For Real


Stock Market Sees Big Rally, This Time It Maybe For Real

I think it is time for the overnight equity future traders, to hang up the cleats and put the jersey away and call it a career. Either that or the Algo’s need some severe tweaking for the keywords they are searching in the headlines. It seems the direction of the futures on these big down days should not be trusted and should be treated as suspect.

But the clues were all around us before the first tick took place that the sell-off would not last.

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Clue #1 – China

The first clue, the Shanghai Composite last night hardly budged on the news of the new tariffs. In fact, the algo’s in China appears to play the same game of fill the gap, as our algo’s. Are the duties imposed by China, and those imposed by the US only detrimental to the US economy, and immune to China? Of course not.

shanghai

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Clue #2 -S&P Futures Trader Wins Big, The Rest Should Go Home

Clue #2 came around 7 am when a huge block went off in the S&P 500 futures. Pretty much near the lows, and the rest was pretty much history. This same “institution, trader” has now pulled off a similar trade a few times since the February lows, and each time the market has rallied. My guess is that it is the same institution because it has happened around the same time of the day on each occurrence.

S&P 500

I even posted a tweet about it, as soon I saw it!

Technology

Remember I said I wasn’t getting fooled on the next rally until I saw the XLK breakout, well today it did!

technology

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S&P 500

The S&P 500 broke out above two downtrends. The next test comes around 2,675, then 2,690.

S&P 500 stock market


Google

Google broke out too, a rebound back to 1,080 could be on the way.

google stock market

Facebook

Facebook has seen $151 hold like a rock on multiple occasions, I still think it moves up to $166.

facebook

Intel

Intel bounced right off support and looks like it going over $50.

intel


Micron

Micron broke out too and is likely turning back towards $56.

micron

 

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Tesla

While the Tesla bears had their moment of glory, and just like that, it’ is gone. Sorry guys, hope you enjoyed it. tesla

Remember to watch out for those future traders tomorrow morning, but at least the next time you will be looking for confirmation in other markets.

Good Luck!

Mike

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© 2018 Mott Capital Management, LLC.  Use, publication or reproduction in any media prohibited without the permission of the copyright holder.

Tags: #sp500 #tech #technology #facebook #google #tesla #micron #intel #futures #equities #stocks

 

 

 

 

Stock Market Volatility May Soon Fade Away


Stock Market Volatility May Soon Fade Away

I wrote in the midday commentary that for the morning rally to have any legs the S&P 500 need to rise above 2,610 and the XLY to rise above $99.40, and we got both going into the close, with the S&P 500 closing at 2,614, and the XLY closing at $99.68.

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The big breakout came in the final hour of the day, as sentiment changed when Bloomberg reported the White House isn’t taking steps to take action against Amazon, the market started ripping higher. The S&P 500 passed the crucial first test, rising above a downtrend and support which converged at 2,600. The next test comes at 2,633, but first, the S&P 500 will need to stay above 2,600.

S&P 500

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Technology

Unlike last week, I am not getting duped by the market again, until I get a confirmation breakout in the Technology ETF, XLK. That breakout has not occurred yet, and if it should come tomorrow a rise above $65.50 will be needed.

technology

Facebook tested the lows of last week, held, and rebounded.

facebook

Alphabet shares continue to hold the $1,000 level. Did shares breakout again today, or do I have to redraw my line?

google

Tesla

Tesla reported good delivery numbers today and got pretty close to that guidance target, much better than the bears had been hoping for. But I think the critical piece is that company is still saying it will not need to raise any capital this year. Well see about that, part, but for now, the stock could move back into the $300’s.

tesla

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VIX

The VIX continues to move lower, and I’m beginning to think the reason why it hasn’t elevated to higher levels, for the most, the traders do not believe this volatility will last.

vix

S&P 500 put volume hasn’t been all that elevated, in fact, it appears relatively in line with the past year, except for the one spike in February.

SPX Put Volume Chart

SPX Put Volume data by YCharts

The put to call ratio in the S&P 500, isn’t even high or outside of the what appears to be normal levels over the past year.

SPX Put/Call Ratio Chart

SPX Put/Call Ratio data by YCharts

It would suggest that all this craziness something that may be coming to any relatively soon.  Tomorrow will give us a good clue as to whether that is the case or not.

Good Luck

-Mike

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Free Articles Written By Mike:

Broadcom’s Battered Stock Poised for 12% Rebound

Boeing’s Stock Seen Falling Into Bear Market

IBM Traders See Stock Plunging 20%

3 Hot Biotech Stocks Facing Sharp Declines

Under Armour’s Stock Still Has Further to Fall

Intel Traders Face Big Losses As Chipmaker’s Stock Drops

Why Facebook Stock May Rebound By 25%

Amazon’s Stock May Plunge 10% Further

Tech Stocks’ Growth Engine Faces a Big Slowdown

3 Big Biotech Stocks Poised for More Declines

Why Chip Stocks May Rebound to Record Highs

Take-Two Stock Seen Rising 20% on E-Sports Demand

Square’s Soaring Stock Is Due for a Correction

Nike’s Stock Bulls May Get Burned

Why AMD Options Traders Are Bearish Long Term

Improving Earnings Will Push Stock Prices Higher

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Michael Kramer and the clients of Mott Capital own NFLX, GOOGL, TSLA

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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.

© 2018 Mott Capital Management, LLC.  Use, publication or reproduction in any media prohibited without the permission of the copyright holder.

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