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Tomorrow is When The Balance Of Power May Shift For The Stock Market
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN SHARES OF AAPL, NFLX, V, MA, TSLA
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It was another exciting day in the stock market, but today was different. It was the S&P 500 and the Dow that led the market lower not the NASDAQ! Interesting to say the least. Does it mean something? I do. I think it is a sign that perhaps the tides may be turning. I wrote a premium article today talking about it. The Tides Are Turning
But the big news today, no doubt, was the CPI coming in at 2.3% below estimates for 2.4%. Not sure what you think, but which way does inflation look like it is suddenly trending? (READ MORE FOR FREE:Â Tomorrow May Be The Start Of A Tectonic Shift For The Stock Market.)
It led to the 10-year falling to that key support level around 3.13%.
With yields hovering around support it makes tomorrow a critical day. Why? Well if yields on the 10yr can fall below support at 3.13%, then I think rates can make their way towards 3%, and that can give some much needed relief to the overall stock market.
S&P 500 (SP500)
The S&P 500 fell to 2716 at the lows, and that level functioned as key support and  resistance from April through the end of June. It is likely to give a firm level of support to the market tomorrow. Yeah,  we were at these very same prices at the end of June, puts things into perspective. (SEE MORE FOR FREE: The Stock Market Gets Rocked Where Do We Go Next?)
Also, the RSI on SP500 is at lowest levels since August 2015, and then you need to go back to August 2011 to see these RSI levels this low  again. It doesn’t happen often. The market managed to rally nicely off those low points. It would suggest to me we are likely to see a sharp snap higher soon.
Mastercard
I put out a piece this morning on levels to watch, and in it, I noted I was watching the $193/194 level in Mastercard, and that was precisely where the price for it stopped falling today. (READ MORE FOR FREE: Important Levels To Watch In The Stock Market For October 11.)
Visa (V)
Visa fell to around $132; I was looking for support around 130’ish, maybe the stock it found it early? Perhaps it has some more to fall. I’m uncertain.
Amazon (AMZN)
Amazon broke 1740 and managed to stop around 1680. The stock looks like it had a nice intraday double bottom. Does that mean a reversal is coming? If it does 1740 is now resistance.
Netflix (NFLX)
I wrote this morning I was looking for $314 on Netflix, it got pretty close falling to $317. But again, not sure if this one is done falling.
Apple (AAPL)
Apple continues to act so well and is staying strong around this $216 level.
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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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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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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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Nvidia (NVDA)
Nvidia could be on its way to $217.
Micron (MU)
Micron has something interesting going on. Double bottom? But that means it needs to rise tomorrow.
Tesla (TSLA)
Tesla has been very strong at $251, and if I were short this stock, which of course I’m not, I’d be real careful! You may be out to get your head handed to you. I think it is on its way back to $301. Sorry I do.
Banks
If that is not enough for you, the banks report tomorrow! This chart on the BKX looks dreadful. Like it is falling to 97 dreadful.
JPMorgan (JPM)
and like JP Morgan could be on its way to $102.
Wow, tomorrow seems like a really big day!
-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.
SP500, SPY, STOCKS, AAPL, NFLX, MA,V, NVDA, MU, JPM, TSLA, MA, V
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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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