Mon November 7, 2022

Negatives increasing after bounce; Short-term Peak likely by Thursday

5 decades 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 October 6, 2022

Energy getting stronger, while Utilities falling out of favor

The minor consolidation Thursday might not be complete and still looks likely to give Bulls some opportunity to buy dips for those who didn’t participate in early week strength.  However,...

Mon September 12, 2022

What Our Clients Are Talking About Behind The Scenes

FLASH COMMENTS: Well, here we go again.  The S&P 500 has begun another tactical oversold bounce after holding the 3900ish technical support level.  The U.S. Dollar also appears to have...

Wed September 7, 2022

Gold, Silver likely to shine as US Dollar rolls over

Bottom line, the $SPX bounce needs to surpass 4019 to have real confidence in this move extending. While I’ve expected a rally from 3920-5, there remain two possible areas of...

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%...

Thu March 3, 2022

Utilities breakout bodes well for further relative strength

Thursday’s churning continuing to follow a “Two-steps forward, One Step back” type trajectory. Higher prices are likely into the March FOMC meeting.Defensive strength looks to be reasserting itself, and Utilities...