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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Seasonality Should Extend Stock Market Rally Into Next Week

S&P 500 Trading Outlook (2-3 Days):  BULLISH The S&P 500 (INDEXSP:.INX) managed to exceed 2575 which helps to postpone Weekly counter-trend sell signals from confirming, while Technology still looks to move higher on the heels of Semiconductor (NASDAQ:SOXX) strength. As well, Junk Bonds (NYSEARCA:JNK) have managed to bounce off lows. Near-term…

U.S. Equities Trading Update: Breadth & Momentum Deteriorating

S&P 500 Trading Outlook (2-3 Days):  BEARISH The S&P 500 Index (INDEXSP:.INX) remains locked in range-bound consolidation, and has now overcome multiple pullback attempts. But each ensuing rally / recovery has come in spite of deteriorating breadth and momentum. The price area to watch is 2562. This level has held three…

S&P 500 Trading Update: This Market ‘Bears’ Watching

S&P 500 Trading Outlook (2-3 Days):  BEARISH The S&P 500 (INDEXSP:.INX) declined sharply yesterday but managed to hold right where it needed to. It literally came within 1 point of 2562 on the Futures market before rallying back to the upside.  I’ve been highlighting the importance of 2562 all week. Any rally…

S&P 500 Trading Update: 7 Reasons For Caution

S&P 500 Short-Term Trading Outlook (2-3 Days):  BEARISH I’m seeing signs of a minor pullback underway here in early November for the S&P 500 (INDEXSP:.INX).  BUT, we’ll need a break of 2562 on futures for any real concern to mount. Prices got up to 2590-2 and reversed, with weakness in Financials (NYSEARCA:XLF),…

Stock Market Update: Election Anniversary Turning Point?

S&P 500 Trading Outlook (2-3 Days):  Above 2560 keeps trend positive as early pullback attempts failed. While upside might prove limited for the S&P 500 (INDEXSP:.INX), the bias still appears to upward, as declines have failed thus far to gain any traction. But the anniversary of last year’s election lows is…

U.S. Equities Trading Update: Tech Exhaustion

The stock market action of the past few days is noteworthy and exhaustive (despite the rise). The market is weakening from early highs, and as of now, five sectors are down on the day, with the S&P 500 (INDEXSP:.INX) marginally positive and the Nasdaq towing the line. In the last few…

Tech Earnings Chart Review: AMZN, GOOGL, MSFT, FSLR, BIDU

Large cap tech stocks and the tech sector as a whole are receiving a boost from big earnings reports last night and the morning. Earnings reports from Amazon (NASDAQ:AMZN), Microsoft (NASDAQ;MSFT), Google (NASDAQ:GOOGL), First Solar (NASDAQ:FSLR) and more have boosted the Nasdaq this morning. One notable dud this morning is…

U.S. Stock Market Outlook: Is A Correction On The Horizon?

  S&P 500 Trading Outlook (2-3 Days):  Bearish  The first signs of near-term trend damage for S&P 500 Index (INDEXSP:.INX) came yesterday, while the Dow Jones Industrial Average (INDEXDJX:.DJI) could also confirm Daily counter-trend DeMark sell signals with a close under 23338.36 (current levels). Looking at the S&P 500, initial price…

S&P 500 Trading Update: Into Thin Air

S&P 500 Trading Outlook (2-3 Days):  Watching for signs of price reversals from gains on Friday and into Monday. The S&P 500 Index (INDEXSP:.INX) held where they needed to Thursday morning allowing for another rally to take shape. The budget resolution pass resulted in treasury yields spiking while S&P 500 futures (ES)…

Stock Market Trading Update: Signs Of A Top

Wednesday was an interesting day in the financial markets, to say the least. While the Dow Jones Industrial Average (INDEXDJX:.DJI) was up solidly (0.7%), the NASDAQ 100 (INDEXNASDAQ:NDX) was down (0.13%). Despite the headline glitz of the Dow Jones smashing through 23K to new all-time highs, just 16 of the 30…