Mott Capital Michael Kramer

The Stock Market Continues To Struggle, Despite Rising Prices


The Stock Market Continues To Struggle, Despite Rising Prices

Mott Capital Management, Michael Kramer

Mott Capital’s Reading The Markets

An In-depth Global Macro Premium Stock Market Commentary

In Video Format- See How Michael Dissects The Markets

Premium Subscription Based Membership

Just $200 Per Year – Get Your Free 2 Week Trial

The stock market is in rally mode once again, with the S&p 500 up about 1.4 percent. But today’s story is not all that different than yesterday’s unfortunately. The S&P 500 also failed at resistance again, this time around 2,660. The trend line has been in place since late January when the S&P 500 peaked. A break above 2,660 is bullish with the next level to watch for being at 2,690. This afternoon will be important should the breakout occur.

spx


Micron

Micron continues to fail at resistance at $49.75. The sellers won’t it lift to this point.

 

mu

Amazon

Amazon continues to stay firmly beneath $1440.

amazon

Advertisements

Facebook

Facebook continues to stay below $161.50

facebook


Technology

But there is a glimmer of hope because the XLK remains above $64.75, and the longer-term uptrend, and maybe what ultimately matters.

technology

Until This Evening.

-Mike

 

Join our 536 Daily Subscribers And Get This FREE Commentary In Your E-Mail! 

Advertisements

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.

Advertisements