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 Climbs Higher Toward Time / Price Targets

S&P 500 Trading Outlook (2-3 Days): BULLISH The S&P 500 is getting closer to areas where a stallout is possible. The broad index has been UP 7 days in the last 10 and momentum is beginning to wane a bit. Financials continue to lag and remain an issue. HOWEVER, until evidence of…

S&P 500 Trading Update: Rally Into Late April?

S&P 500 Trading Outlook: Bullish… IF we breakout to the upside. We are still hovering around last Friday’s highs… but the pattern is still quite constructive for a push up over 2700 early this week. Above 2680 on futures has little resistance until over 2700. So breaking above last Friday’s…

S&P 500 Market Outlook: Gold Shines, Stocks Holding On

Key Developments In The Financial Markets Stocks continue to consolidate.  And Gold tests key breakout level. Tuesday’s stock market rally helped to add some conviction to the idea that stocks can move higher in the short run. The major indices managed to successfully close up near the highs of the…

S&P 500 Trading Update: Bears Still In Control

Bottom line.  The TREND is bearish It’s tough to make much of any bounce just yet. If the S&P 500 futures can climb over 2627, it would allow for at least a bit more upside. However, any sustained move under 2596 would lead to 2586, then 2561-8. Market Commentary: GDP…

Gold Trading Update: Bullish Action Continues

Gold Trading Outlook: Near-Term Bullish Gold and Silver are moving above key trend lines and look poised here. Looking at Gold specifically, it looks ready to test its 52 week highs. Look for a retest of 1360-5 in the days ahead. In my opinion, this level will likely be broken…

S&P 500 Update: 5 Technical Takeaways Post-FOMC

Yesterday was a big day for the financial markets, as investors awaited the FOMC statement. This one was a bit more important as it was Fed Chairman Jerome Powell’s first official meeting. The initial reaction was higher, but the S&P 500 quickly reversed lower to close read. This price action…

S&P 500 Short-Term Trading Outlook: Back To 2800?

S&P 500 Trading Outlook (2-3 Days):  BULLISH… unless 2740 in June Futures is broken. Pullbacks have held where they needed to, and should now lead to a “final” rally up to former highs just above 2800 before a pullback into April. Price structure remains sound, for now, despite a few…

S&P 500 Update: Friday/Monday Trading Low?

Early weakness has the S&P 500 undercutting yesterday’s lows as the stock market pullback continues. Near-term Trading Outlook:  Stock market futures look to be closing in on support where a bounce can begin. This decline both in the US (and globally) will bring out some near-term bearish sentiment that can…

S&P 500 Near-Term Trading Outlook: Interest Rate Watch!

S&P 500 Trading Outlook (2-3 Days): Bearish Pullbacks are likely limited to the next 2-3 days before the rally continues. I expect yesterday’s decline might lead to additional selling pressure before this is complete. Use early strength today to consider lightening up for further weakness. On the downside: 2745 will be…

S&P 500 Market Outlook: Trading The Range

S&P 500 Futures Short-Term Trading Outlook:  Mixed Traders are staring at a near-term range-bound stock market. This offers opportunity for those that are nimble and disciplined. However, for those looking specifically at the trends, they want to be watching 2754 on the upside and 2682 on the downside. Any move…