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Will A Tweetstorm Derail The Markets Once Again?

Will A Tweetstorm Derail The Markets Once Again?

This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.

Otherwise, enjoy the column!

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September 19 – Stock mentions: SPY, MSFT, SQ, NVDA, DIS, AAPL

Michael Kramer and the clients of Mott Capital own AAPL, DIS, MSFT

S&P 500 (SPY)

Stocks tried to rally today but failed to maintain that momentum. Maybe it was all part of a dragged-out, all-day, gap-filling process. Tomorrow will be more telling. I would like the S&P 500 to make a new high here; the worst case would be for it to fall short and scream of a market that is “long in the tooth,” a phrase I hate, or an “aging bull market,” another phrase I can’t stand.

The other big overhang that still looms for stocks is what will twitter bring. With the market near an all-time high, the President generally pushes his agenda a little bit harder, hitting on a region of the world with a new round of tariffs.  He just got a Fed rate cut, and the S&P 500 is basically at its all-time high.

We know the drill.

Premium content get the first two-week free- The Stock Market Rally May Be Nearing A Peak

S&P 500, spy

Microsoft (MSFT)

Microsoft did manage to finish towards its highs, but really we need to see the stock move over $142.

Msft, microsoft

Square (SQ)

It is not looking good for Square; the stock still can’t get over resistance at $60.70, usually, a sign of stock heading lower.

square, sq

Nvidia (NVDA)

Nvidia is on very shaky ground finishing right near support and right on the uptrend. Tomorrow will be a make or break moment.

nvidia, nvda

Disney (DIS)

I’m not sure why Disney fell today, I didn’t see anything. Now $132.50 become a significant support level for the stock.

disney, dis

Apple (AAPL)

Apple is starting to form what appears to be a symmetrical triangle which in this case should be bullish, leading to an Apple break out.

apple, aapl

Have a great night

-Mike

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.