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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-
参加 February 2011
2.5K フォロー中    116.1K ファン
$META strong push off support in recent weeks has helped this yet again rise to levels of trendline resistance which have already been tested multiple times since last Fall With $MAGS knocking on the door of a breakout, this stock will be pivotal to watch carefully as it challenges 665 again into FOMC. Despite the choppiness of the past few weeks and mild breadth deterioration, seeing META start to kick into gear again w/ MSFT, NVDA, AAPL can help the market stay higher for now as poor sentiment, lack of defensive strength remain key for broader index strength. While breadth has certainly nose-dived of late, this directly followed R3K A/D hitting new all-time highs, so a mild pullback to its pivot won't be something to fear if trends in HC, Fins hold up while Industrials starts to stabilize. Keep a close eye on TNX, Crude as many who are laughing at Bessent might be in for a rude surprise when Rates start to reverse @marketsurge @IBDinvestors
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