He earned his MS in Investment Management from Pace University and a Certificate in Risk Management from New York University. He has over 20 years of industry experience as an analyst, trader, and an investment manager. He is also a financial writer for websites such as Investopedia, Seeking Alpha and the Monster Stock Market Commentary providing stock and market analysis. Michael Kramer is the Founder of Mott Capital Management. If that does not work for you stop reading and close the page. 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. I am not right all the time and I do not expect to be. Those views can change at a moments notice when the market changes. This column is my opinion and expresses my views. Past performance is not indicative of future results. Upon request, the advisor will provide a list of all recommendations made during the past twelve months.
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Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Investments involve risk and, unless otherwise stated, are not guaranteed. 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. Zoom is still holding support at $175, but I get the feeling that it won’t last for much longer, with the stock heading to $150.ĭocuSign is also resting just above support at $134, and once that goes, there is a good chance it goes all the way to $102.ĭisclaimer: Mott Capital Management, LLC is a registered investment adviser. I think the stock is now on its way to $150. The stock failed to recapture the support/resistance area at $193.50. Roku continues to drop, and there is no reason for it not to drop. If so, the index should head lower and revert to the lower uptrend around 4590. The S&P 500 stopped just about where it had to keep the idea of diamond pattern alive and stopping at the downtrend. If that goes, it could be on its way to 40 bps. The 30-year minus the 5-year is on the verge of a colossal break lower and sitting on support at 55 bps. The dollar index also tumbled by 65 bps, while Fed Funds futures were flat across the curve. The 5-yr real yield rose back -1.33% from yesterday’s rate of -1.41%, with breakeven inflation rates dropping to 2.85%. It caused the curve to flatten to 83 bps. Yields did nothing on the nominal side, with the 10-year falling to 1.74% and the 2-year rising to 91 bps. It was a super strange day for the market, with the CPI reading coming in at 7% y/y in line while the core was hotter.