Applied Materials

  • AMAT

  • $171.58

  • +2.02%

  • $169.73

  • $173.20

  • $169.49

Ticker Appearances

Mon, August 26, 2024 | 12:07PM ET

⚡ FlashInsights

Mon, August 26, 2024 | 12:07PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Today's mild pullback in SPX and QQQ is nearly entirely large-cap Technology driven, as weakness out of SMCI -5.73% , MU 4.28% , AMAT 2.02% , AVGO 7.26%  of 3%+ has caused XLK to lose 1% while most other sectors are positive. On an Equal-weighted basis, Technology is the only down sector and Advance/Decline is nearly 2/1 positive, with gains of more than +0.50% out of Real Estate, Utilities and Staples. Both US Dollar and Yields are up fractionally, but otherwise, a rather slow start to the final week of August. Note, NASDAQ has not pulled back under the lows from late last week. As seen in this hourly chart of NASDAQ futures, under 19542 would result in a move to 19365 most likely which would prove to be strong support and a good risk/reward ahead of NVDA 3.03%  earnings on Wednesday. Overall, most of the market working fine today despite some minor Tech weakness and both Equal-weighted S&P 500 (RSP 0.17% ) along with Russell 2k (IWM 0.79% ) etfs are both positive this morning.
Tickers
Wed, January 24, 2024 | 1:07PM ET

⚡ FlashInsights

Wed, January 24, 2024 | 1:07PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
Today's rip inAMD 2.13% NVDA 3.03% ,AMAT 2.02%  has helped to fuel Technology yet again, while we've finally also seen Financials push back to new monthly highs which is an intermed. term positive. Other groups like Healthcare have proven disappointing in following the lead of either Tech nor Financials and has stalled out- Europe's PMI beat this morning seems to have been a bigger positive for Euro than our own US beat on PMI was for the US Dollar- Yields are mixed, while the US Dollar is showing small losses- EURO STOXX 50 meanwhile is climbing to highest levels since 2007 as ASML helps their own Technology. Commodities are largely higher today, with precious and Base metal strength and broad gains in Softs along with Energy

Daily Technical Strategy
Wed, May 24, 2023 | 7:47PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Semiconductors might help save Technology with NVDA's help

TREND STILL BULLISH-  EXPECTING UPCOMING PUSH BACK ABOVE SPX-4200 - While the two-day plunge might have seemed overly bearish to some investors, it failed to...

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Daily Technical Strategy
Fri, April 14, 2023 | 5:26PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Financials strength should be a positive for the back half of April

Despite the mild pullback to take away some of Thursday’s strong gains, this week managed to close firmly positive for both the SPX and DJIA...

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Daily Technical Strategy
Wed, April 12, 2023 | 7:41PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

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...

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Technical Strategy
Mon, April 11, 2022 | 12:11PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Live Technical Analysis March 2022

Given the ongoing geopolitical uncertainty and Fed policy concerns, utilizing technical analysis in one’s investment process is more important than ever. Bring your market-related ideas,...

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