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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Stock Market Update: Sell Signals Warn Of Trend Reversals

The market continues to push upwards, though with less breadth and magnitude than seen in recent days. Today, the S&P 500 (INDEXSP:.INX) is driving closer to 2350, and the Dow Jones Industrials (INDEXDJX:.DJI) 20,600. While the Media talked about indices scaling further into new highs territory (which was certainly true), though, prices…

Market Update: Technicals Point To Exhaustion Next Week

S&P 500 Trading Outlook: (2-3 Days)  I’m mildly bullish into early next week, but I’m looking to sell rallies at 2315 stretching up to 2325 (and flatten out). I’m awaiting signs of a reversal, which should be in place by early next week. The S&P 500 (INDEXSP:.INX) is now up to within…

German Bunds, US Treasuries: Yields Approaching Support

The bonds complex may be setting up for a near-term reversal of sorts. The charts below show the potential for a near-term low in yields and possible ensuing move higher. Let’s look at German Bunds and US Treasuries. GERMAN BUND YIELDS I suspect that the combination of both TD buy…

U.S. Equity Market Update: 3 Key Technical Moves To Watch

There was minimal net change by Thursday’s close as equity markets trudge along into February, a notoriously difficult month seasonally for Equities in post-election years. On Thursday, the S&P 500 (INDEXSP:.INX) yet again attempted to move lower. But by end of day, the major index had regained all its losses…

US Equities Resilient: Health Care Strong; Dollar Bottoming

Overall, prices fell down to key make-or-break support and held up miraculously well yet again. Tuesday’s breadth was far better than that seen on Monday, even when the Dow Jones Industrial Average (INDEXDJX:.DJI) was down 180 with hardly any more Declining issues than Advancing.  Momentum dipped on hourly charts, but…

S&P 500 Trading Update: One More Push Higher?

Quick Update on the U.S. equity markets US Equity futures are hanging around even, while most of Europe down about 0.50% as UBS is weighing on the financials. That said, Europe still stands to finish week up above 1%. US Dollar (CURRENCY:USD) strength continued this morning and treasury yields are also…

S&P 500 Breakout Targets 2300+ Into Next Week

S&P 500 Futures Outlook (2-3 Days) – Bullish  Breakout to new all-time highs on the S&P 500 (INDEXSP:.INX) and NASDAQ Composite (INDEXNASDAQ:.IXIC) should help prices accelerate up to near 2300.  This constitutes a breakout of the entire range since mid-December, and is a short-term positive.  Buy pullbacks at 2271-2, and 2262-4 maximum for…

Stock Market Short-Term Technical Outlook (2-3 Days)

S&P 500 Futures: (2-3 Days)  Bullish – Pullback attempts failed into yesterday’s close, which had a window to accelerate lower and didn’t. Overall, until some type of weakness can take hold into the close, this looks again like a false breakdown. Unless 2248 is violated, the trend is neutral over the last month but…

S&P Industrials Sector: Short-Term Trading Longs To Consider

The S&P Industrials Sector (NYSEARCA:XLI) is trying to breakout based largely on CSX Corp’s (NASDAQ:CSX) gap higher, but other stocks like Norfolk Southern (NYSE:NSC), Union Pacific (NYSE:UNP), Alaska Airlines (NYSE:ALK) and Emerson Electric Co (NYSE:EMR) all higher today as well. One thing to note, however, is that daily charts now show…

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…