Tue April 2

Minor Bond yield breakout results in SPX selloff to near support

I CONTINUE TO SEE THE US STOCK MARKET AS BEING ATTRACTIVE, TECHNICALLY SPEAKING, AND DO NOT FEEL SUFFICIENT RISK IS THERE TO WARRANT A SELLOFF AT THIS TIME. WHILE PRICE...

Tue August 8, 2023

Pharmaceutical stocks look attractive

MARKETS HAVE ENTERED A WINDOW WHERE A POTENTIAL LOW COULD TAKE PLACE THIS WEEK (LIKELY WEDNESDAY-FRIDAY OF THIS WEEK).  US DOLLAR AND US TREASURY YIELDS LOOK TO BE ON THE...

Wed April 5, 2023

Defensive trading dominates as Pharma, & Utilities break out

Similar to Tuesday’s mild “down day,” Wednesday’s pullback failed to show sufficient deterioration to expect much follow-through just yet. The key driver of this rally, Technology, has not given much...

Tue January 31, 2023

Healthcare should soon hit support and reverse in February

January’s strong gains suggest that the bullish Pre-election year seasonality trends likely outweigh the bearish forecasts about how dismal earnings should be, and the NASDAQ managed to log its best...

Thu December 22, 2022

Happy Holidays !!  Homebuilders and Pharma stocks favored

Happy Holidays. Hope your holiday season proves safe, happy and healthy.  I will be taking the final week off to spend with my family during the holidays. There won’t be...

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...

Thu November 3, 2022

Technology downturn is not encouraging; Volatility looks possible into 11/10-15

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...

Mon June 27, 2022

Healthcare starting to kick into gear- What to Favor

HEALTHCARE LOOKS QUITE BULLISH HEADING INTO THE END OF Q2 Healthcare has started to kick into gear as Q2 is coming to a close.  $XLV, the SPDR Healthcare Select Sector...

Fri April 22, 2022

Despite US Stocks weakening, they’re still the “Best game in town”

This week’s breakdown in SPX and IWM to join QQQ keeps the near-term Equity trend down, and should result in February lows being testedGOOGL and FB breaking monthly lows means...

Thu April 7, 2022

Buy Pharma, & Medical Distributor stocks

SPX and QQQ look to be bottoming near initial support after recent weakness.Healthcare looks to be breaking back out vs SPX in relative terms.Pharmaceutical stocks, Managed Care and Healthcare Distributors...