3M

  • MMM

  • $135

  • -1.17%

  • $137

  • $137

  • $135

Ticker Appearances

Daily Technical Strategy
Thu, May 16, 2024 | 6:21PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

“The Pause that Refreshes”

EQUITY TREND BULLISH BUT ONE CAN’T RULE OUT SOME TEMPORARY CONSOLIDATION INTO NEXT WEEK AFTER THIS PUSH BACK TO NEW HIGH TERRITORY AS QQQ, SPX...

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Visitor: 425dc5-005329-7f05ab-210975-5fa7c4

Wed, March 13, 2024 | 1:03PM ET

⚡ FlashInsights

Wed, March 13, 2024 | 1:03PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
For those investors who prefer buying stocks near 52-week lows, vs. those at new highs, 3M might have some appeal as this stock has shown sufficient evidence to expect that this has officially bottomed out and is turning meaningfully higher, (Judged by the uptick in momentum) MMM traded at one point near $260 back in late 2017, so this slide has been very difficult for shareholders until the recent stabilization. However, MMM has formed what i technically call a reverse head and shoulders pattern with its recent slowdown of the selling pressure and this will be confirmed over $111 which would constitute a breakout allowing for a push up to $150-160. I view this as intermediate-term attractive and feel MMM should push higher to 111 in the short run. However, it's the possible move over 111 that should bring about some real acceleration in MMM as this begins its mean reversion within the Industrials space.
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Daily Technical Strategy
Tue, February 6, 2024 | 9:48PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Europe and China both look to be close to temporary outperformance vs. US

DIVERGENCE BETWEEN THE TOP PERFORMING STOCKS WITHIN TECHNOLOGY AND THE BROADER MARKET CONTINUES TO BE ONE OF THE MOST DISCUSSED TOPICS OF 2024.   PERFORMANCE DISPARITY...

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Daily Technical Strategy
Thu, July 27, 2023 | 8:24PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Quick reversal suggests a Short-term market peak is likely in place

US EQUITY MARKETS LIKELY COULD BE PEAKING OUT AND THURSDAY MIGHT HAVE OFFICIALLY SERVED AS THE TECHNICAL CATALYST FOR CONFIRMATION.  US AND EUROPEAN SOVEREIGN YIELDS...

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Daily Technical Strategy
Wed, July 26, 2023 | 8:32PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Industrials and Banks save the day despite Tech weakness post FOMC

MARKETS HAVE ENTERED A WINDOW FOR POTENTIAL SHORT-TERM TREND CHANGE, BUT DO NOT EXPECT MUCH SELLING UNTIL AUGUST.  NEAR-TERM, AN SPX-4500-4620 RANGE MIGHT HOLD INTO...

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Visitor: 425dc5-005329-7f05ab-210975-5fa7c4

Wed, July 26, 2023 | 6:00PM ET

⚡ FlashInsights

Wed, July 26, 2023 | 6:00PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Look what's coming back from the dead- MMM- this signifies a break of a 2 year downtrend for this stock-

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