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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US Dollar Oversold, But Weakness Extends Commodities Rally

The US Dollar Index’s decline to start 2017 could prove important for the near-term, as we’ve seen a decent bounce in commodities that looks to have some trading “legs”.  On a short-term basis, that may mean further strength for select commodities in the next 2-3 trading days. The US Dollar index…

Stock Market Update: Airlines & Financials Show Resilience

Late last week, I penned a piece about the potential for upside for equities into mid-January. The S&P 500 (INDEXSP:.INX) is holding up fairly well (and may have more upside near-term), but the window for much higher prices may be closing. That said, for any meaningful selloff to take place, we’ll need…

S&P 500 Update: Upside Potential Into Mid-January

S&P 500 Futures (2-3 Days) – Bullish – Pullbacks ended up being minor by end of day yesterday, and prices retraced nearly all the weakness to close near highs. This is a short-term positive development. Movement up to near 2285 looks likely into January 12 before any peak. A move under…

Stocks Gap Higher: Technical Outlook For January 3

The S&P 500 (INDEXSP:.INX) has snapped back after declining about 1.5% in the final 5 days of the year. But it will need to make up some ground to expect smooth sailing in the days ahead. A sharp advance in stock market futures this morning created a gap higher on the…

Stock Market Quiet Into Holidays But New Highs Likely

Yesterday move to new multi-day lows on several stock market indices failed to cause any real technical damage. The S&P 500 (NYSEARCA:SPY) reversed losses to close nearly unchanged by the close (and other indices followed).  But traders have gone quiet and stock market holiday trading is expected to light into the weekend. Small-caps…

Stock Market Update: Making Sense Of Dow Jones 20,000

As we move into the Winter solstice, or the shortest day of the year for North America, stocks continue to show signs of resilience.  With just seven full trading days left in the year, most US stock market indices are back at new all-time highs. This is all occurring as…

Trading Ideas: 5 Tech Stocks With Upside Into 2017

The Nasdaq 100 and large cap technology stocks are coming alive after a brief respite.  This is great news for the broader markets rally prospects into early 2017. After combing through the technology sector, I pulled out 10 tech stocks that likely have more trading upside. You’ll find the list below,…

Stock Market Update: Positioning For Potential Year-End Rally

The market got a bit overextended and needed a breather. Although the broader construct of the S&P 500 (INDEXSP:.INX) is bullish, I am bearish over the very near-term (until highs are exceeded on a closing basis). I expect lower prices in the very short run (2-3 days), perhaps down to…

5 Stock Charts That Say Health Care Sector Is Bottoming

The Health Care Sector (NYSEARCA:XLV) and several select large cap pharma, drug, and biotech stocks are attempting to bottom. If this industry gets going, it could mean a short-term bottom here in December and an excellent mean reversion trade between now and February. The Health Care sector is by far the…

Large Cap Technology Stocks Add Fuel To Market Rally

Another important rotational move among sectors is occurred Friday with Technology moving back to (or towards) new All-time Highs. Various Technology sector indices are hitting new all-time highs on weekly charts (close), while others are are within striking distance of new highs on daily charts. The Technology Sector (NYSEARCA:XLK) has outperformed all other…