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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
Microsoft (MSFT)
Microsoft did manage to finish towards its highs, but really we need to see the stock move over $142.
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.
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.
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.
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[youtube-feed feed=7]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.
Have a great night
-Mike
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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.