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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S&P 500 Could Record First Counter-Trend “Sell” Signal In Weeks

S&P 500 futures (and broader indexes) are showing first signs of weakening down to new 4-5 day closing lows as of today, while the NASDAQ 100 (NASDAQ:QQQ) has been down every day except Tuesday.  This may catch up to the S&P 500 (INDEXSP:.INX) near-term. So while we’ve had 9 consecutive UP…

S&P 500 Market Update: 5 Key Concerns For Traders

S&P 500 Trading Outlook (2-3 Days):  BEARISH The S&P 500 Index (INDEXSP:.INX) has now risen into the first important zone where a trend reversal could take place between now and Friday. Overall, 2520 (futures) should be an area to sell into on any opening Spike between now and Friday.  UNDER 2487, or last week’s…

U.S. Equities Trading Update: Upside Limited

S&P 500 Outlook (2-3 Days):   BEARISH Upside is likely limited into Expiration as the rally stalls. There’s been no change in thinking given lack of movement here lately. While near-term trends have been positive, prices have the potential to reverse course into early next week. As stated yesterday, further gains likely…

Apple (AAPL) Stock Chart Update: Cycles, Fibonacci, Gann

Yesterday, I shared my thoughts on where Apple’s stock (NASDAQ:AAPL) was headed next.  I used daily, weekly, and monthly charts to provide context and outlooks over different time frames. The outlook wasn’t particularly bullish for Apple (AAPL). In fact, it wouldn’t be surprising to see a correction begin soon. Read…

Why Apple’s Stock (AAPL) Is Headed For A Correction

Given today’s iPhone X launch, I thought it was a great opportunity to discuss where Apple’s stock (NASDAQ:AAPL) is right now… and where it may be headed. The following 3 charts look at Apple’s stock price on daily, weekly, and monthly time frames from a technical perspective. Apple (AAPL):  Is…

U.S. Equities Market Update: Uncertainty Weighs On Traders

Most U.S. stock market indexes are trading down slightly with Europe and Asia largely mixed. Investors are still seeing signs of risk-off behavior with the USD/JPY (dollar/yen) sliding to lows of the year, Treasury yields trading slightly lower, and gold and silver higher. The S&P 500 (INDEXSP:.INX) is still very…

S&P 500 Trading Update: Tech And Financials Weigh On Bulls

S&P 500 Trading Outlook (2-3 Days)- BEARISH Tuesday’s selloff was bearish for the S&P 500 (NYSEARCA:SPY) in undercutting near-term support, but it managed to hold 2455 by the close which is at least a key level to hold for now. The fact that both Technology (NASDAQ:QQQ) and Financials (NYSEARCA:XLF) fell is a…

S&P 500 Trading Update: Bulls Eye Retest Of The Highs

S&P 500 Short-Term Outlook (2-3 Days):  MILDLY BULLISH The S&P 500 (INDEXSP:.INX) is getting a bit extended here and nearing key resistance as we start September. However, a push into early next week looks possible before any stalling out, and despite the extent of Thursday’s rise, the S&P 500 has not yet reached…

U.S. Equities Trading Update: Tech Sector Leads The Charge

We’re seeing mild gains in the US and European equity markets following two key US economic reports:  ADP data coming in 237k and GDP at 3.0%. The key for last 24 hours revolves around the late day reversal in US Equities and the makings of a bear trap. The S&P…

Stock Market Trading Update: Bulls Press The Market Higher

S&P 500 – (2-3 Days)- BULLISH  I expect a near-term upward push above 2462 on the S&P 500 (INDEXSP:.INX).  This should turn the short-term trend back to positive for a rally into early September.  A move above 2462 would allow for a larger bounce before any selloff gets underway.   Technical Thoughts No…