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 Trading Update: Short-Term Concerns Mounting

S&P 500 Near-Term Outlook (2-3 Days):  BEARISH I am seeing various signs of the Industrials sector selling off (Transports), while a yield curve downturn is putting pressure on the Financials sector. As well, the Nasdaq (INDEXNASDAQ:.IXIC) and technology look to be stalling out.  These factors (and several concerns listed below)…

U.S. Equities Update: S&P 500, Nasdaq Near Trading Price Targets

S&P 500 Futures Trading Outlook (2-3 Days):  Nearing ST Price Target (2470.5) I’ve been looking for a final push up to 2470-5 on S&P 500 Futures before looking for any type of correction to materialize. Tech is up against solid resistance and needs to be watched. Housing starts came in largely…

U.S. Equities Trading Update: All-Time Highs Once More

Here’s a quick update for traders as we head into the weekend. Note that the S&P 500 (INDEXSP:.INX) is enjoying new all-time highs as buyers give the market another push higher. Economic Data CPI came in at 0.0% vs 0.1% – a bit light.  Retail sales headline came in at…

Global Equities Trading Update: 3 Charts I’m Watching

Here’s a brief update on global equities for today.  But first, let’s review today’s economic data. Jobless Claims came in largely inline at 247k vs 245k, with continuing claims at 1945 vs 1950. PPI Ex Food and Energy is 1.9% vs 2% year over year. Layoffs in Autos are not…

Stock Market Trading Update (July 7): The Positives & Negatives

S&P 500 Trading Outlook (2-3 Days):  Currently at make-or-break levels The S&P 500 (INDEXSP:.INX.INX)  is at a make-or-break level after pullback to test the lows of the range. The NASDAQ (INDEXNASDAQ:.IXIC) lies right near June lows, and any further decline on Friday/Monday would likely bring about weakness next week. Holding the…

Financial Markets Trading Update: 5 Charts To Watch

Traders returned on Wednesday to see fractional gains in across the various global equites markets. Domestically, trends remain very much neutral for the S&P 500 (INDEXSP:.INX). Deteriorating sectors like Technology have not had much effect on the S&P 500 thus far… this likely due in part to Financials breaking out…

U.S Equity Market Trading Update Into Quarter End

S&P 500 Trading Outlook (2-3 Days): Make-or-Break Level is 2412 Yesterday’s early reversal failed to hold into the close, as the S&P 500 (INDEXSP:.INX) pushed back up above areas of importance. 2412, which has marked lows for the entire month of June was briefly violated but the strong surge has saved…

Market Update: Will Today’s Resiliency Keep Rally Going?

Most of Europe has rebounded from early lows and is staging a strong rally off of support. This type of resilience is also being seen in the U.S. Equities markets. Just as the major stock market indices broke down yesterday, they are now reversing the losses and trying to recoup…

S&P 500 Trading Update: Can Bulls Push Stocks Higher Yet?

S&P 500 Trading Outlook (2-3 Days):  Bullish The S&P 500 Index (INDEXSP:.INX) has held the midpoint of its daily Bollinger Bands, an area that also held as support back on June 15th. With prices literally unchanged since the market close on June 2nd, the trend has been literally been neutral…

S&P 500 Trading Update: Targeting New Highs Into Next Week

S&P 500 Trading Outlook (2-3 Days): Bullish Yesterday’s pullback on the S&P 500 (INDEXSP:.INX) failed to do much technical damage. I believe it’s still right to remain long here, expecting a move up into Expiration and/or early next week to 2455 (low end) / 2475 (high end). Until prices move…