It’s June 28: The Last Trading Day of The Month and Quarter

June 28 – Stock mentions: SPY, AAPLWealth Strength IndexAAPL is Extremely Up and trending Up, MUWealth Strength IndexAAPL is Extremely Up and trending Up, BA, CSCOWealth Strength IndexAAPL is Extremely Up and trending Up, NFLXWealth Strength IndexAAPL is Extremely Up and trending Up

Michael Kramer and the clients of Mott Capital own AAPLWealth Strength IndexAAPL is Extremely Up and trending Up, CSCOWealth Strength IndexAAPL is Extremely Up and trending Up, NFLXWealth Strength IndexAAPL is Extremely Up and trending Up

Happy Last Day of June, 2Q, and Russell Re-Balance Day

US Markets

  • S&P 500 Futures +5 Points
  • US 10-year 2.02%
  • Dollar Index 96.14
  • VIX 15.89
  • Oil $59.54

International Markets

  • Japan Nikkei -0.29%
  • China Shanghai -0.60%
  • Hong Kong HSI -0.28%
  • South Korea KOSPI -0.17%
  • Germany DAX +0.50%
  • UK FTSE +0.21%

US Trading for June 28

S&P 500 (SPY)

S&P 500 is pointing to a higher opening today and is trending up. The next significant level to watch for the SPY ETF is $294 and for the Index is around 2,940.

spy, s&P 500

spy, s&P 500

Micron (MUWealth Strength IndexAAPL is Extremely Up and trending Up)

Micron is rising yet again and is not going to listen to my advice from last night. So that means it likely fills the gaps up at $40.25.

Micron, mu

Micron, mu

Apple (AAPLWealth Strength IndexAAPL is Extremely Up and trending Up)

Apple is down a bit today on news that it is top designer Jony Ive is leaving the company. It sounds like he will still be involved but just not an employee. AAPLWealth Strength IndexAAPL is Extremely Up and trending Up seems fine to me. China means more to AAPLWealth Strength IndexAAPL is Extremely Up and trending Up to then today’s news at the moment.

apple, aapl

apple, aapl

Boeing (BA)

What had been a promising chart has turned ugly for BA. It appears there is a now a double top on the chart, and that could mean a drop to the uptrend at $350.

boeing, ba, stock

boeing, ba, stock

Netflix (NFLXWealth Strength IndexAAPL is Extremely Up and trending Up)

Netflix held the break out from the other and is now heading back to its recent highs. $380 is the next significant level to watch for in NFLXWealth Strength IndexAAPL is Extremely Up and trending Up.

Netflix, nflx, stock

Netflix, nflx, stock

Cisco (CSCOWealth Strength IndexAAPL is Extremely Up and trending Up)

Cisco has been consolidating right below a break out region. The RSI is still trending higher. I think CSCOWealth Strength IndexAAPL is Extremely Up and trending Up is still poised to break out and move towards $61.

cisco, csco, stock

cisco, csco, stock

have a wild one!

-Mike

This article appeared first on Mott Capital Management.

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