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MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN AAPL
Good Morning Today is December 17
- S&P 500 futures are pointing to a lower opening of 14.5 points as of 7:30 AM
- The US 10-year rate is at 2.82%
- Dollar Index is at 96.74
- WTI Crude Oil is $48.39
- Critical events for today: – FOMC meeting starts
Recap of International Trading:
- Japan was -1.82%%
- Hong Kong Hang Seng Index -1.05%
- China Shanghai Comp. -0.82%
- UK FTSE -0.40%
- Dax +0.43%
FED Rate Hike Watch:
According to the CME, there is now a 71% chance of a rate hike in December, that is up from 78% on Monday
Currently, the market is pricing in a 38% chance there is no rate hike in 2019 and a 26% chance of just one rate hike, and 17% of a rate CUT.
CME Group
Will The Rally Hold?
S&P 500 futures are pointing a higher open after yesterday’s steep sell-off. The question on everyone mind, can it hold? Current history would say that Gap gets filled, and from there it is anyone’s guess. Yesterday’s gap lower was quickly filled, only for the downtrend to continue. Until proven otherwise, one must be on guard.
Russell 2000 (RUT)
The Russell is one index that looks like it may still have more downside risk, and may drop to 1,344. It is only about 2.5% lower than the index’s current level — approximately one day worth of work in this horrible stock market.
Put-To-Call Ratio
The put to call ratio hit 1.37% yesterday, and as the chart below shows, is entering territory that it doesn’t get to very often.
VIX Index
The VIX is nearing a significant level at 26. That has been a resistance level. But should it rise above 26, the VIX may go on to increase to around 30. That would likely mean that equity prices go lower. Buy Vol, sell equities.
Facebook (FB)
As noted last night, the FANG stocks continue to hold their previous lows, which again is a positive. Even Facebook continues to hold support around $140, and more importantly, continues to trend higher.
Broadcom (AVGO)
Broadcom is one chip stock that acted very well in this market and continues to hold support at $252.
Apple/Qualcomm (AAPL, QCOM)
Apple and Qualcomm continue to go back forth over iPhone sales in China. In the meantime, Apple’s stock is fighting for survival at support around $164.
Oracle (ORCL)
Oracle is rising after reporting results; the bad news is that the stock is increaseing right into technical resistance at $48.60.
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Charts used with the permission of Bloomberg Finance L.P. 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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Charts used with the permission of Bloomberg Finance L.P. 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.
2
YouTube Video VVVNT0lJcjFvb1JzU3VrUEw3cktOcjBWSFEuM2VJX3VpNFVnUmM
14:44
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Charts used with the permission of Bloomberg Finance L.P. 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.
1
YouTube Video VVVNT0lJcjFvb1JzU3VrUEw3cktOcjBWSFEuNkNMN0xjWklMUzA
Oil
Oil finally broke support at $49.50, and that means it could be on its way to $42. The decline may pose as a problem because earnings for the sector were expected to grow 17% next year according to Dow Jones S&P. Those estimates likely have much further to fall. That is one problem for S&P 500 earnings next year. 
Exxon Mobil (XOM)
It also likely means that Exxon Mobil will continue to fall. Should it drop below $72, it could fall to around $65.
Chevron (CVX)
If Chevron falls below $111.80, it could be on its way to $103.60.
Yields
10-Year US Treasury rate is nearing support at 2.81%, and should it fall below support yields could be on their way to 2.62%.
Gold
Gold could see resistance around $1280
GOOD LUCK! WE ARE ALL GOING TO NEED IT!
-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 results.
sp500, russell, facebook, apple, broadcom, exxon, cheveron, oil, gold
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Charts used with the permission of Bloomberg Finance L.P. 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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