Wed May 17, 2023

Range breakout should drive SPX to 4200+ as Debt Ceiling negotiation gains steam

TREND HAS IMPROVED WITH WEDNESDAY’S BREAKOUT; EXPECTING SPX RALLY ABOVE 4200 IS UNDERWAY WITH WEDNESDAY’S GAINS Wednesday’s range breakout seems to be occurring directly on signs of the Debt ceiling...

Tue May 2, 2023

LIVE Technical Stock Analysis May 2023

Mark will be conducting a live Webinar session for the most popular stocks requested by our subscribers. Mark will give his quick take (45 sec-1-minute of analysis) and consider several...

Wed April 12, 2023

WTI Crude’s push to new 2023 highs should benefit Energy

Wednesday’s roller-coaster ride post CPI report failed to answer many questions on the near-term direction for US stock indices, and movement lower under the ongoing uptrend line will be necessary...

Mon April 3, 2023

Energy rally confirmed with WTI Breakout

The 2nd quarter got kicked off with some minor stalling out in many sectors, including Technology while both Energy and Healthcare surged.  Market breath finished flat, largely given Technology’s weakness...

Wed March 15, 2023

Lows are growing near; Yet a lot of damage has been done

It’s important to take stock of the damage after the Banks crisis led many other sectors down sharply and has caused some greater technical damage than what was seen a...

Mon March 6, 2023

WTI Crude’s breakout should help Energy outperformance

The near-term technical trend improved even further with SPX’s push back over 4060 in Monday’s trading.  This helped to recoup the prior 2/10 lows, and SPX has now recouped more...

Fri February 17, 2023

Yield reversal results in late-day Equity recovery

The Equity decline over the last couple weeks has directly coincided with both US Dollar and TNX pushing higher.  THIS LOOKS CLOSE TO REVERSING NOW AS TREASURY YIELDS APPROACHED FORMER...

Thu January 12, 2023

Energy is an Overweight for 2023, but important to differentiate

Short-term trends remain bullish from late December lows as part of the larger ongoing downtrend from last January.  Thursday’s CPI failed to shake prices lower, but Treasury yields did manage...

Thu November 17, 2022

WTI Crude decline looks to be in its final stages before meaningful rally

The near-term two-day pullback attempt hasn’t resulted in much technical damage, and the late snapback should set up for a push back higher into end of week.  As mentioned, while...

Mon November 14, 2022

Biotech breakout worth following as Healthcare gets stronger

The near-term picture still looks positive for US benchmark indices and while momentum has reached intra-day overbought levels, this doesn’t imply a selloff has to happen right away.  Despite some...

Fri November 11, 2022

QQQ playing catchup while Defensives underperform

The extension of this week’s rally helped markets show greater than 5-8% gains, but has begun to change texture a bit as the week has come to a close.  The...

Tue November 1, 2022

Equities likely to bottom after FOMC as Rates turn down

1 year ago Free Webinar Introducing Mark Newton’s Upticks Stock List Speaker: [Mark] Mark L. Newton, CMT AC Head of Technical Strategy Watch the Replay of the Webinar Watch the...