Mon March 20, 2023

Stabilization and rally in the Banks looks likely post FOMC meeting

Similar to last week’s gains, seeing lopsided participation out of the Cyclicals while Tech is largely absent does not equate to the market being vulnerable.  Conversely, if late 2021 taught...

Thu March 9, 2023

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 seen in bank stocks led...

Wed March 8, 2023

Large-cap Growth breaks out vs Value; Semis still gaining ground

Despite all the near-term bearishness, it’s worth pointing out that Technology continues to show excellent relative strength vs the market.  Semiconductors remain an excellent sub-industry group within Technology, while $AAPL’s...

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...

Thu March 17, 2022

Utilities pushing back to new all-time highs

SPX’s gains have now extended for the third consecutive day, which hasn’t been achieved since late January.  Two-month SPX downtrends from early January are being tested, while momentum based on...

Mon March 7, 2022

Breakdown in Semis, Financials, Retailing a temporary negative to stabilization efforts

The selloff took a turn for the worse with Monday’s breakdown to new multi-day lows for SPX, DJIA and QQQ.   Nine of 11 major S&P Sectors fell more than 1%...