M&T Bank

  • MTB

  • $206.99

  • +0.13%

  • $209.61

  • $210.66

  • $206.38

Ticker Appearances

Daily Technical Strategy
Fri, October 4, 2024 | 7:40PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

SPX rally back to new highs underway, led by Financials

SHORT-TERM US EQUITY TRENDS LOOK TO HAVE TURNED BACK HIGHER FRIDAY FOLLOWING A FRUSTRATING TIME FOR BULLS AND BEARS ALIKE IN RECENT WEEKS.   DESPITE A...

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Fri, October 4, 2024 | 3:20PM ET

⚡ FlashInsights

Fri, October 4, 2024 | 3:20PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Today's move in the banks is particularly impressive. S&P Banks index is higher by 2.3% and we're seeing Triangle breakouts by the Equal-weighted Financials ETF (RYF) This is very important and positive to the US Stock market in the short run and stocks like DFS -0.57%  COF -0.43%  SYF -1.56%  and MTB 0.13%  are all making really significant gains today, technically speaking. Financials and Discretionary are the two top performing sectors today, but its the banks that are a standout and the economic strength coinciding with rates rising has been helpful to this sector today. Today's move puts Financials in the spotlight for the weeks ahead, and i expect some good relative strength out of this sector. Financials as a sector remains a Technical overweight.
Tickers

Daily Technical Strategy
Tue, June 18, 2024 | 6:24PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Utilities is being raised to Neutral technically on recent weakness

S&P IS GROWING CLOSER TO ITS SHORT-TERM UPSIDE TECHNICAL TARGET OF 5521, WHILE QQQ ALSO IS NEARING RESISTANCE A BIT HIGHER THAN 483-5 MENTIONED LAST...

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Daily Technical Strategy
Thu, March 9, 2023 | 7:24PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Financials breakdown vs SPX will lead to further underperformance

The worse-than-expected Jobless Claims number Thursday (211k vs. 195k expected) caused a big Treasury rally but failed to lead stocks higher, given the big decline...

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Daily Technical Strategy
Thu, September 8, 2022 | 6:24PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Short-term Bounce underway into next week

A short-term bounce looks to be underway in US Equities that likely carries prices higher into 9/14 and should reach at least 4125-4150.  Following a...

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