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Mark Newton CMT
@MarkNewtonCMT
Global Head of Technical Strategy-Fundstrat; Analyst/Trader, Frequent Commentator-CNBC, FOX, Yahoo Fin. Daily Note FREE for 30days-
2.5K Following    116.4K Followers
Still a tricky time for most of Tech despite bigwigs like $MSFT & $AAPL pushing back to new all-time highs. Not many of us can claim +7.5% returns since October 1 like what Equal-weighted $SPX has achieved and yes, TODAY, Equal-weighed SPX is back at new all-time highs #IBD# @Marketsurge charts while DJIA rose 1500 As discussed in reports, it will take time for Tech to stabilize given the huge underperformance in Semis/Memory/AI infrastructure and $MAGS and IGV are better to favor near-term. Key risks remain US Dollar and rates pushing back higher in Nov, but a 3/1 positive breadth day today on continued cross-asset volatility collapse is a welcome step for US Equities and i'll detail further thoughts in tonights piece @IBDinvestors #IBDPartner#
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“19 out of 19 midterm election years, going back since 1950, have produced a median return of about 15%.” @MarkNewtonCMT of Fundstrat joins @RemyBlaireNews on Market Movers.
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$KYMR Kymera Therapeutics- I continue to find many HC stocks far more attractive than many within Tech these days, and scanning #IBD# "Breaking out Today" list which we're also building w/ Fundstrat AI, gives me the ability to compare what @Marketsurge is showing to what i show Beautiful long-term base breakouts are happening across sub-sectors within Healthcare. While i do anticipate Tech can lead the bounce into next week, it's got some "wood to chop" to say the least Elections can be a positive force for Partisanship lessening, but they're not the market clearing event many expect if Rates haven't officially peaked yet @IBDinvestors #IBDPartner#
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.@MarkNewtonCMT is watching one risk for equities heading into November. He breaks it down live Wednesday, Nov. 4 at 2 p.m. ET, joined by @TomBlock_FS, Fundstrat's Washington Policy Strategist, as they dissect what the midterms could mean for policy into 2027. Register:
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$AAPL a bit wobbly near-term and momentum gave some much needed warnings for those short-term oriented over the last month #IBD# charts from @Marketsurge However, larger trends remain quite robust and no meaningful deterioration. Thus, near-term weakness for AAPL likely proves short-lived in my view this week. While Tech has some "wood to chop" between now and Nov Expiration, the broader mkt resilience & breadth coupled with cross asset volatility waning has proven quite helpful to the bigger picture. Overall, Elections aren't the "all-clear" that many make them out to be, but by Nov 21-24, i expect markets to act better in a broad-based manner.. I'll detail AAPL targets for support/resistance & what i expect in tonight's piece
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Investor sentiment is bearish and tech is dragging the market off its highs. With the Fed decision behind us and the midterms tomorrow, is a reversal in the cards? @MarkNewtonCMT shares his November outlook live Wednesday, Nov. 4 at 2 p.m. ET. Register:
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Wall Street's research teams head into each session armed with analysis. On Nov 4th at 2 p.m. ET, Fundstrat opens the door: a live technical analysis session with Mark Newton, breaking down the market's key levels in real time. Reserve your spot.
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$AMZN gave plenty of warning technically on its mild rally attempt into mid-October, but the real warning was today's break to multi-month lows on above avg volume which happened ahead of tonight's post mkt gap-down This hasn't proven too weak overall outside of short-term churning, & suspect June/July lows (where the stock is trading now) could act as support tomorrow ahead of a recovery attempt into Nov However, similar to $GOOGL, i don't find buying dips all that attractive when met with huge high to low ranges on big volume. They tend to normally be wave 3 moves and even on a mild recovery, i suspect mid-Nov into Nov expiration might prove tricky- Nov 11-Nov 20 timeframe Ultimately, many continue to fail to see the improvement in the broader mkt and are putting too much stock in this minor (granted, outsized) move in Tech these last couple weeks. Did they forget what happened Mon-Wed of this week? Symmetrically, QQQ bottomed Fri 10/16, it bottomed Friday 10/23 and what does it do tomorrow, 10/23? ____ Breadth & positive divergence are key. Stay tuned. @IBDinvestors @Marketsurge charts by #IBD# show great clarity on this minor rally failure & breakdown. but ultimately should prove short-lived.
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Wanna see what stocks @fundstrat's Tom Lee, @MarkNewtonCMT, and @SeanMFarrell have discussed this October? Try our new tool DirectInsights. Every idea is searchable by ticker and linked to the note, video, or webinar it came from. Access now:
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I think this is a great quote from RR- "In some ways, the Fed is operating a house with one thermostat, but very different temperatures in every room. Turning it down further may make the rooms that are already cool even colder, without doing much to cool those that remain hot"
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The Federal Reserve held interest rates steady today, and we think patience is the right approach. Inflation remains high, but the question isn't simply whether rates should go higher. It's whether higher rates would actually address the inflation that remains. The challenge is that parts of the economy, and of inflation itself, are moving at very different speeds. Growth remains remarkably resilient in aggregate, supported by a powerful investment cycle, but beneath the surface, parts of the economy that are more sensitive to borrowing costs are feeling considerably more restraint. We see a similar divergence in inflation. Many of the cyclical components that respond to higher interest rates appear relatively well controlled. Meanwhile, persistent pressures across energy, insurance, healthcare and education are unlikely to be meaningfully affected by another 25-basis-point rate increase. In some ways, the Fed is operating a house with one thermostat, but very different temperatures in every room. Turning it down further may make the rooms that are already cool even colder, without doing much to cool those that remain hot. That doesn't mean the Fed should become complacent. Inflation is still above its 2% objective and the Fed should retain the option to tighten further if the underlying inflation trend deteriorates. But hawkish rhetoric and patient policy can comfortably coexist, particularly when the bond market has already done some tightening of its own through higher Treasury yields. For investors, we think this environment argues for humility rather than making a heroic directional call on rates. Real yields remain attractive, and there's considerable income available across high-quality fixed income markets. We continue to favor a moderate duration posture, taking advantage of today's income opportunities while remaining patient as this unusually divergent economy evolves. The Fed doesn't need to ignore the heat. It just needs to be thoughtful about where it's coming from.
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“ $EMR Emerson Electric quietly pushing back up to new all-time highs on a daily and weekly closing basis while many remain distracted regarding Warsh, SKHY & Crack spreads hitting mthly lows. Not as much fun as picking bottoms in Memory stocks, but the ride might be a bit smoother to say the least in the next month This daily #IBD# chart from @Marketsurge shows the reasons for optimism here using textbook TA & would be encouraging to see volume pop above levels seen last week. @IBDinvestors #IBDPartner# Always take the time to scan IBD’s “Stocks Breaking out Today” list to see if it lines up with my own.” @MarkNewtonCMT
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Midterms on Nov 3. Fundstrat goes live the day after. @MarkNewtonCMT will discuss the market's structure and key levels. @TomBlock_FS will share what the results could mean for policy. Wednesday, 2 p.m. ET. Register now👇
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$EMR Emerson Electric quietly pushing back up to new all-time highs on a daily and weekly closing basis while many remain distracted regarding Warsh, SKHY & Crack spreads hitting mthly lows. Not as much fun as picking bottoms in Memory stocks, but the ride might be a bit smoother to say the least in the next month This daily #IBD# chart from @Marketsurge shows the reasons for optimism here using textbook TA & would be encouraging to see volume pop above levels seen last week @IBDinvestors #IBDPartner# Always take the time to scan IBD's "Stocks Breaking out Today" list to see if it lines up with my own
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🚨 FUNDSTRAT HEAD OF TECHNICAL STRATEGY @MarkNewtonCMT SAYS IT'S TIME TO BUY THE DIP IN TECH: "Energy rallying almost +40%, that spread to technology, now it's spreading to healthcare, which just hit new all-time highs." His advice: "Investors need to be prepared for these shifts in sectors." "Right now, in my opinion, it's right to buy the dip in technology."
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🚨 FUNDSTRAT HEAD OF TECHNICAL STRATEGY @MarkNewtonCMT SAYS IT PAYS TO IGNORE THE WAR HEADLINES: "We've seen the war ongoing most of the year. The S&P is up 13 and a half percent." What he's watching instead: "Concentrate on earnings, concentrate on really technical strength and really what's driving this move." What comes next: "I think it's gonna be a choppy time until we get past the midterms... but I'm very encouraged just with the technical structure."
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Thank you @ETFExpress We are grateful @FundstratCap was named: ‘Best US ETF Issuer’ in 2026 Go $GRNY $GNRJ $GRNI!
Please note.. I have ZERO assistants.. and do not run any WhatsApp groups.. ONLY follow MarkNewtonCMT with the Blue check .. Block amd report all importers
Should you ignore the headlines? @MarkNewtonCMT on @CNBC yesterday: "As a technical analyst, we're taught really to ignore a lot of the exogenous events in the news." Watch what's driving the move instead.
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The BIG MIRAGE- An unusual day given high yield spreads, MOVE index dropping, recent stabilization in Small-caps & positive market breadth (Percentage R3k above 20-day has nearly tripled in three wks.) Equal-weighted S&P 500 ETF shown below.. now up more than 4% in the last 30 days. Understandably, not many care about the broader mkt and its all AI and TECH, but the POSITIVE divergence in $SPX, DJIA, RSP holding up today, Transports up +1.5%+ while QQQ broke makes for an interesting setup as Crude has shown 3 straight days of closing WELL off earlier peaks.
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