Thu May 25, 2023

Bifurcated market worth paying close attention to

TREND STILL BULLISH- EXPECTING UPCOMING PUSH BACK ABOVE SPX-4200 -ANY BREAK OF 4104 WOULD TURN TREND SHORT-TERM BEARISH Technology yet again has begun to dominate market performance and has begun...

Mon April 10, 2023

Hedge funds have boosted S&P Shorts the most since 2011

The recent stalling out in SPX doesn’t appear too serious and prices remain within striking distance of a possible breakout above 4200.  While a decline lower under SPX-4039 might suggest...

Mon March 27, 2023

Crude oil entering best three-month stretch of the year

SPX, DJIA and NASDAQ remain largely range-bound near-term as part of their uptrend from 3/13.  This sideways “grind” in prices isn’t necessarily bearish; However, a move back above QQQ-314 and...

Tue March 14, 2023

March Madness is officially here

Tuesday brought about a very strong initial advance that brought SPX up to the key 3928 level, but failed to finish above this level at the close.  DJIA also failed...

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...

Fri February 3, 2023

Minor stalling out doesn’t appear too serious

Friday’s minor pullback seems to have occurred near a short-term timing pivot which might result in 2-3 days of weakness before turning price back higher.  S&P and NASDAQ both lost...

Mon January 30, 2023

Crude & Natural Gas should be nearing trading lows

The near-term pullback in S&P to kick off the last couple days of January trading doesn’t appear too serious, and it’s still likely that SPX should finish with strong gains...

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...

Wed January 4, 2023

Energy weakness should reverse by late January

2023 has gotten underway with a greater than average amount of range-bound consolidation, and prices lie right near levels made last December.  Unfortunately, without any evidence of prices breaking back...

Thu December 8, 2022

Crude falling to new 2022 lows hasn’t affected Energy too much

The short-term pullback this week for US Stocks looks complete, and should be beginning a bounce which likely carries into early next week ahead of the CPI report and FOMC...

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...