Posts From Mark Newton

Mark Newton
Mark has more than 20 years of buy and sell-side experience in the financial services industry. He formerly served as Chief Technical Analyst at Greywolf. Prior to that he worked with Diamondback Capital Management as a technical analyst and portfolio manager, and with Morgan Stanley in New York City as their technical strategist. Before moving to the New York City area in 2004, Mark traded equity options as a market maker/floor trader at the CBOE, and worked in risk management. Mark is a member of the Market Technicians Association, and former member of the CBOE, CBOT, and PHLX. He graduated with a BS in Finance from Virginia Tech in 1991 and obtained his Chartered Market Technician designation in 2002. His expertise is primarily in using advanced methods of technical analysis to identify stocks, commodities, and currencies with above-average risk/reward characteristics that can maximize returns and minimize risk. In addition to employing standard technical tools to identify trend duration, relative strength, and momentum, Mr. Newton utilizes counter-trend analysis to identify potential trend exhaustion and reversals of trend. He appears frequently on CNBC’s The Closing Bell, BNN, FOX Business News, along with Yahoo Finance.
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U.S. Equities Trading Update: Trend Reversal Watch

S&P 500 Trading Outlook (2-3 Days):  Expecting trend reversal between Friday and Tuesday The S&P 500 has moved above stops from shorts at 2725, but a zone for trend change remains in effect through early next week. That said, we’ll need to await the S&P 500 turning back down and under 2725 again before…

S&P 500 Trading Update: Rally Eyes Short-Term Resistance

S&P 500 Trading Outlook (2-3 Days):  MILDLY BULLISH  The S&P 500 has covered a lot of ground in the last nine trading hours, recouping nearly 40% of what was lost over the course of nine trading days. This comes after losing over 10% in just nine days. Clearly, this is much different…

S&P 500 Trading Update: Time To Get Defensive

S&P 500 Trading Outlook (2-3 Days):  BEARISH Yesterday’s pullback broke trend line support from late December on equally as bearish breadth as what occurred on Monday. Weakness likely down to 2773 at a minimum, which would be a 50 percent pullback of the move from 12/29 lows. A bounce to fill the gap…

Gold Trading Spotlight: Watch That Up-Trend Line!

Gold is pulling back on Friday as investors in the shiny metals take profits. It’s notable that today’s weakness comes near prior highs and as price exhaustion signals come into play. That said, today’s minor pullback hasn’t done much to damage to the uptrend. And it will take a move…

S&P 500 Market Update: Uptrend Tired But Still Intact

Stocks are off to a fast start in 2018 (understatement). The momentum surge in January has been powerful and produced a strong up-trend. Though it’s not recommended to fight the trend, it’s worth noting that several indicators are pointing to exhaustion. Market breadth has been lackluster and implied volatility has held…

Stock Market Outlook: Why A Top Looks Likely Next Week

S&P 500 Trading Outlook (2-3 Days):  MILDLY BULLISH The S&P 500, along with NASDAQ 100 and NASDAQ Composite all look to require another 2-3 days per DeMark Exhaustion counts before they reach termination. Thus, while the indices may be close to a stock market top, there looks to be one…

Russell 2000 Spotlight: Small Cap Stocks Outperforming

The Russell 2000 and small (and micro) cap stocks have been outperforming of late. This pick up in near-term strength bodes well for small caps over the coming week, but it should be noted that the broader indices like the S&P 500 and Dow Jones Industrial Average are nearing exhaustion….

S&P 500 Trading Update: One Final Hurrah Into Holiday Weekend?

S&P 500 Futures Trading Outlook (2-3 Days):  NEUTRAL WITH UPSIDE TO 2760-2765 But I’m growing more cautious on this uptrend… While daily charts still show the potential for S&P 500 to move a bit higher, we’re starting to see some breadth divergences with Negative Advance/Decline with the VIX (Volatility Index) getting…

S&P 500 Trading Update: Waiting For A Reversal

S&P 500 Index Trading Outlook (2-3 Days):  BULLISH Still looks a bit early to turn bearish given the breakouts yesterday in Financials (XLF) and in Technology (XLK) while Industrials (XLI) have begun to accelerate after making its own minor trend breakout. While it was thought that a move over 2715 would…

S&P 500 Trading Outlook: Equities Rally Extended

S&P 500 Trading Outlook (2-3 Days):  BULLISH Yesterday’s recovery of last week’s decline suggests an upcoming push back to new highs is likely for equities. This in turn would make the first five days of January positive for the stock market. Market breadth was meager, at less than 2/1 positive overall….