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☆ The stock market is primed for a short-term bounce, but correction still not over
▼ + stars: | 2024-04-22 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

The stock market is poised for a short-term bounce, but technical analysts who watch price charts warn that the correction is not yet over. The technician said he anticipates support for stocks — the point at which buyers will reemerge — between 4,700-4,800 in the S & P 500. .SPX YTD mountain S & P 500 To be sure, some observers anticipate a more durable stock market rally, rather than a mere bounce. He anticipates that the S & P 500 could find support down at 4,800 and may not find a true bottom for several weeks. But he anticipates that the selloff will take longer to play out, with a pullback bringing the S & P 500 back to 4,700.

Persons: JC O'Hara, Roth MKM, O'Hara, Tom Lee, Lee, CNBC's, Oppenheimer's Ari Wald, Wald, we've, BTIG's Jonathan Krinsky, Krinsky, Wolfe's Rob Ginsberg Organizations: Stocks, Federal Reserve

☆ If this is a stock market correction, here's how history says it will unfold
▼ + stars: | 2024-04-16 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The recent retreat in the stock market has made many worried about a deeper correction. Lingering inflation concerns, rising Treasury yields and a shifting outlook for Federal Reserve interest rate policy prompted a market pullback, with the S & P 500 almost 4% off its 52-week high as of Tuesday. A correction is defined as a 10% decline in one of the major U.S. stock indexes, typically the S & P 500 or Dow Jones Industrial Average, from a recent 52-week high close. .SPX 1Y mountain S & P 500 More to go? The heightened geopolitical risk led U.K. investment bank Liberum Capital to call for oil to surge to $100 and a stock market correction as big as 10%.

Persons: Sam Stovall, it's, Stovall, Jonathan Krinsky, Krinsky, Marko Kolanovic Organizations: Federal Reserve, CFRA Research, Dow Jones Locations: U.S

☆ Energy, the new momentum trade? Why the sector's strong gains can increase from here
▼ + stars: | 2024-04-08 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

The energy sector has pulled up from behind to overtake nearly every other sector of the market this year and may still have room to advance, according to analysts. The energy sector has gotten a lift as crude oil prices are on a tear this year after plummeting in the last quarter of 2023. The refiners Marathon Petroleum , Phillips 66 and Valero also hit all-time highs on Friday. Diamondback Energy is trading at all-time highs Monday dating back to its IPO in October 2012, while ConocoPhillips is at levels that have not been seen since November 2022. "We think it's a theme that has more to go as well," Ginsberg said of the energy sector rally.

Persons: Jonathan Krinsky, Krinsky, it's, Rob Ginsberg, Brent, Iran teeter, Ginsberg, Valero Organizations: Energy, BTIG, Exxon Mobil, Wolfe Research, Fund, JPMorgan, OPEC, refiners, Petroleum, Phillips, Diamondback Energy, ConocoPhillips Locations: Ukraine, Israel, Iran, Occidental

☆ Citigroup stock market sentiment model reaches euphoria levels, which typically foretells a decline
▼ + stars: | 2024-04-01 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

In fact, a stock market sentiment model from the firm called the Levkovich Index has now reached euphoria levels, which typically heralds a fall in equities, the firm's U.S. equity strategist Scott Chronert wrote in a Thursday note. On a median basis, that gauge suggests equities could decline 8.9% over the next 12 months, a drop that would put the S & P 500 around 4,780. The broad market index was last above the 5,200 level, having already breached Chronert's 5,100 year-end target. .SPX YTD mountain S & P 500 Chronert is not the only one concerned about a stock market pullback from current levels. Last week, the S & P 500 information technology sector was down 1.26%.

Persons: Scott Chronert, Chronert, CNBC's, turing, BTIG's Jonathan Krinsky, Krinsky, Citigroup's Chronert Organizations: Citigroup, NYSE

☆ The S&P 500 has reached a historical extreme based on a simple measure that has foretold pullbacks in the past
▼ + stars: | 2024-03-25 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

One measure of stocks suggests it's time for investors to take some caution, according to BTIG. The 200-day moving average is a technical measure used by investors and traders to gauge an asset's longer-term momentum. On top of that, seasonal trends — which had been positive — are about to shift against investors, Krinsky noted. April is the worst month for the long/short momentum strategy, which refers to when investors snap up recent winners, while shorting recent underperformers. On average, the strategy loses 4.15% on average during the month.

Persons: Jonathan Krinsky, Krinsky Organizations: Stocks, Federal Reserve

☆ Why Friday’s key Nvidia reversal could mark the start of a broader stock market unwind
▼ + stars: | 2024-03-11 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

But some investors are concerned markets could be due for a broader unwind without the help from AI names. As it is, five of the Magnificent Seven names dropped last week, with the exception of Nvidia and Meta Platforms. That advance has helped the S & P 500 climb for 16 out of 19 weeks, notching record after record in its ascent. "A consolidation in the AI trade has been overdue for a while now, so Friday's key reversal day could signal the start of that unwind." NVDA 5D mountain Nvidia Crowding in AI Indeed, other market observers warned investors the overreliance on AI beneficiaries this year could mean danger for the overall market.

Persons: Jonathan Krinsky, Peter Boockvar, semi's, Dubravko, BTIG's Krinsky, there's, Russell, Chris Verrone, Goldman Sachs, Krinsky, Samantha Subin Organizations: Nvidia, Meta, Apple, AMD, Bleakley Financial, Google, JPMorgan, Sunday

☆ BTIG's Jonathan Krinsky names these sectors as winners as tech stocks consolidate
▼ + stars: | 2024-03-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBTIG's Jonathan Krinsky names these sectors as winners as tech stocks consolidateJonathan Krinsky, BTIG chief market techncian, joins 'Closing Bell' to discuss Apple's RSI falling below the Nasdaq 100 and what it means for the stock.

Persons: Jonathan Krinsky Organizations: Nasdaq

☆ Too far, too fast? Relentless rally worrying some we are long overdue for a significant pullback
▼ + stars: | 2024-03-05 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The broad market index has also posted gains in 16 of the last 18 weeks — something that, according to Deutsche Bank strategist Jim Reid, hasn't happened since 1971. However, some on Wall Street now fear the market may have overextended itself to the upside, clearing the way for a pullback from record levels. BTIG chief market technician Jonathan Krinsky also noted there's a divergence never before seen in Big Tech. Volmageddon refers to a massive volatility spike in early 2018 in which the Cboe Volatility Index (VIX) more than doubled to more than 50. Bottom line: A short-term pullback in stocks could take place soon, if history is any guide.

Persons: Jim Reid, hasn't, Chris Montagu, Citi's, Jonathan Krinsky, Krinsky Organizations: Deutsche Bank, Nasdaq, Federal Reserve, Apple, RSI Locations: Big Tech

☆ Health care has more upside ahead, says BTIG's Jonathan Krinsky
▼ + stars: | 2024-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHealth care has more upside ahead, says BTIG's Jonathan KrinskyJonathan Krinsky, BTIG chief market technician, joins 'Closing Bell' to discuss his call for tech exhaustion ahead.

Persons: Jonathan Krinsky Jonathan Krinsky Organizations: Health

☆ This is the hottest trade going on in the market right now, but it's reaching a breaking point, BTIG says
▼ + stars: | 2024-02-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

A momentum-focused fund that has gained favor among traders could be in for a turnaround, according to BTIG. The iShares MSCI USA Momentum Factor ETF (MTUM) is trading about 26.5% above its 200-day moving average, said Jonathan Krinsky, chief market technician at the firm. MTUM YTD mountain The ETF this year The fund tracks large- and mid-cap stocks that have shown relatively strong price momentum, according to iShares. Market wisdom says that trading above the 200-day average indicates conviction and buying interest from investors. That comes after the fund lagged the market last year, finishing just 7.5% higher while the S & P 500 surged more than 24%.

Persons: Jonathan Krinsky, Krinsky, Eli Lilly —, —, Dow Jones Organizations: Meta, Nvidia, Amazon, Microsoft, Netflix, Morningstar, Tesla

☆ Large-cap financials face some risk to the downside, similar to the regionals, says BTIG's Krinsky
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLarge-cap financials face some risk to the downside, similar to the regionals, says BTIG's KrinskyJonathan Krinsky, BTIG chief market technician, joins 'Closing Bell' to discuss his expectation for more downside risk to the market.

Persons: BTIG's, Jonathan Krinsky

☆ The stock market rally is showing signs of exhaustion, according to multiple chart analysts
▼ + stars: | 2024-01-29 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Several chart analysts are worried stocks are showing signs of exhaustion after their recent rally. Even there, however, we started to see some cracks last week as upside exhaustion also showed itself," Krinsky added. JC O'Hara, chief market technician at Roth MKM, wrote: "This persistence of gains is rare, and we are seeing signs that leadership is feeling exhaustion." However, when we view the chart, we find early signs of bullish exhaustion," O'Hara wrote. "From a trading basis, lethargic internal behavior suggests the bull cycle is due for a breather," Wald wrote on Saturday.

Persons: Jonathan Krinsky, Krinsky, JC O'Hara, Roth MKM, O'Hara, Rob Ginsberg, Ginsberg, SMH, that's, Oppenheimer's Ari Wald, Russell, Wald Organizations: Reserve, Microsoft, Nasdaq, Bears, Wolfe Research, VanEck Semiconductor

☆ Wall Street is barreling toward a big week ahead with megacap earnings, Fed meeting in focus
▼ + stars: | 2024-01-26 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Wall Street is headed into the thick of earnings season, with results on deck from the bulk of the so-called Magnificent Seven names. On top of that, the Federal Reserve's latest monetary policy decision and the January jobs report will be in focus. Federal Reserve meeting Investors aren't anticipating much out of the Fed meeting next week. Market participants say recent reports show the trends have been going in the right direction, and Friday's report is expected to confirm the softening in the jobs market. Other significant earnings in the week ahead include Boeing , a major Dow component.

Persons: Russell, we've, Shannon Saccocia, Jonathan Krinsky, Tesla, that'll, Hogan, you've, John Bailer, Jerome Powell, Tony Welch, Welch, FactSet Organizations: Microsoft, Nvidia, Dow Jones Industrial, Nasdaq, Dow, JPMorgan, Riley Securities, Newton Investment Management, Fed, PCE, Boeing, Alaska Airlines, Dallas, Whirlpool, Petroleum, United Parcel Service, General Motors, Pfizer, Devices, ADP, ECI Civilian Workers, Chicago PMI, Mastercard, Qualcomm, Labor, PMI, Manufacturing, Apple, Chevron, Exxon Mobil Locations: Thursday's, nonfarm payrolls, Chicago, Royal Caribbean, Michigan

☆ S&P 500 breaks out to new record, but some chart analysts are worried
▼ + stars: | 2024-01-22 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The S & P 500 finally surpassed its prior all-time high from January 2022 on Friday, confirming the start of a new bull market that began in October 2022. But while the market continued to build on those gains early Monday, some technical analysts are worried that cracks are beginning to show in the broad market index. .SPX 1Y mountain S & P 500 in the last 12 months BTIG chief market technician Jonathan Krinsky forecasts a pullback for the S & P 500 before it reaches the key 5,000 level, or just around 3.5% above current prices. Around 73% of the S & P 500 is currently trading above its 50-day moving average, down from more than 90% in late December, according to David Keller, chief market strategist at StockCharts.com. "New index highs lead to fatigue," said Roth Capital Partners chief market technician JC O'Hara.

Persons: Jonathan Krinsky, Krinsky, David Keller, JC O'Hara, O'Hara, There's, Wolfe, Rob Ginsberg, pullbacks, Ginsberg, — CNBC's Michael Bloom Organizations: Federal Reserve, Downside, Capital Partners Locations: Japan, Brazil, India, U.S, China, Europe

☆ Investors see a biotech comeback in 2024 as rates fall, deal-making picks up. Stocks to watch
▼ + stars: | 2023-12-28 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +8 min

Many biotech stocks struggled in 2023 despite a robust year for U.S. drug approvals. "We expect this environment to continue but look forward to the prospect of lower interest rates in 2024." When that happens, Canaccord Genuity said to expect a "strong rally across the biotech sector rewarding innovative, but riskier assets." Analysts have said the rich price reflects the opportunity for ImmunoGen's Elahere cancer treatment , which has quickly established itself as the standard of care for types of ovarian cancer. 'Oversold and cheap' In a research note Friday, Jefferies analyst Michael Yee said "a significant short squeeze" was helping biotech stocks in the fourth quarter.

Persons: Dan Lyons, Janus Henderson, John Newman, Canaccord Genuity, Janus, Lyons, Bristol Myers Squibb, Karuna, AstraZeneca, Eli Lilly, AbbVie, Jonathan Miller, Miller, bode, Jonathan Krinsky, Krinsky, BTIG's, Jefferies, Michael Yee, Yee, NASH, Madrigal, we're, David Risinger, — CNBC's Michael Bloom Organizations: Drug, Federal, Bristol Myers, Karuna Therapeutics, CART, Bristol Myers Squibb, Cerevel Therapeutics, Securities and Exchange Commission, pharma, P Biotech, Nasdaq Biotech, Apogee Therapeutics, Madrigal Pharmaceuticals, Madrigal, resmetirom, Vertex Pharmaceuticals, Leerink Partners Locations: ImmunoGen

☆ S&P 500 rallies to key 4,600 level and nears all-time high. What chartists say happens next
▼ + stars: | 2023-12-05 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Investors are watching the S & P 500 after it rallied back toward the key 4,600 level to see if it can break out to new all-time highs. A record high in the S & P 500 looks promising after the broader index on Friday closed at 4,594.63, or its best level since March 2022. In July, the last time the S & P 500 tested the threshold, the rally was led by mega-cap tech stocks. On Monday, the market rally took a breather; the S & P 500 ended the session lower by 0.5%, and it stood about 5% below its record. In fact, one market technician on Monday said the S & P 500 could plunge back to its bear market lows in 2024.

Persons: Stocks, Wolfe, Rob Ginsberg, Ginsberg, BTIG's Jonathan Krinsky, you've, JPMorgan's, Jason Hunter, Hunter, CNBC's, Adam Turnquist, he's, Oppenheimer's Ari Wald, Wald, JC O'Hara, Roth MKM, Lululemon, O'Hara, — CNBC's Michael Bloom, Chris Hayes Organizations: Broadcom Locations: oversold

☆ 'It's beginning to look a lot like VIX-mas.' What Wall Street's fear gauge is saying right now
▼ + stars: | 2023-11-29 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

"It's beginning to look a lot like 'VIX-mas,'" Jonathan Krinsky, chief market technician at BTIG, wrote in a note Sunday. Wells Fargo's Chris Harvey on Monday wrote that a low VIX is historically a bad sign for markets entering a new year. .VIX 5Y mountain CBOE Market Volatility Index, 5 years "We think 2024 will be a 'trader's market,' not a buy-and-hold situation," Harvey wrote. "But we ultimately think, you know, beyond that, it's poised to go lower just given the low volatility cycle that's been in place." The question is whether we are entering a new period of low volatility as the norm starting in 2024.

Persons: Jonathan Krinsky, BTIG's Krinsky, Wells Fargo's Chris Harvey, Harvey, SPX, Will Tamplin, Tamplin, it's, Oppenheimer's Ari Wald, Wald, " Wald, Krinsky Organizations: Apple, Microsoft, Nvidia Locations: U.S

☆ CNBC Daily Open: Investors got the note they were too optimistic
▼ + stars: | 2023-11-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

In this article AAPLAMZNTSLABXWMTBABA.FKRX300 Follow your favorite stocks CREATE FREE ACCOUNTTraders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 16, 2023. Brendan Mcdermid | ReutersThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. To that end, Mester doesn't see rate cuts on the horizon. Perhaps investors shouldn't be so sure about impending rate cuts too.

Persons: Brendan Mcdermid, Doug McMillon, Jonathan Krinsky, Krinsky, Loretta Mester, isn't, Mester, Lisa Cook Organizations: BABA, New York Stock Exchange, Reuters, CNBC, Walmart, Nasdaq, Dow Jones, Federal Reserve, Cleveland Federal Locations: New York City, U.S, San Francisco

☆ CNBC Daily Open: Investors realize they've been too optimistic
▼ + stars: | 2023-11-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

In this article 7201.T-JPVOW3-DEMETAGOOGL.FKRX300BABABABAWMTAMZN Follow your favorite stocks CREATE FREE ACCOUNTTraders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 16, 2023. Brendan Mcdermid | ReutersThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. To that end, Mester doesn't see rate cuts on the horizon. Perhaps investors shouldn't be so sure about impending rate cuts too.

Persons: VOW3, FKRX300 BABA BABA, Brendan Mcdermid, Doug McMillon, Jonathan Krinsky, Krinsky, Loretta Mester, isn't, Mester, Lisa Cook Organizations: New York Stock Exchange, Reuters, CNBC, Walmart, Nasdaq, Dow Jones, Federal Reserve, Cleveland Federal Locations: New York City, U.S, San Francisco

☆ A massive market divergence could signal trouble ahead for stocks, BTIG says
▼ + stars: | 2023-11-14 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

A pullback for stocks could be on the horizon after a unique technical signal was flashed, BTIG said. The Russell 2000 ended last week down 3.2%, while the Nasdaq 100 gained 2.9%. BTIG chief market technician Jonathan Krinsky pointed out there have been just seven other occasions since 1985 that such a divergence has been seen. Eight weeks following this signal flashing, the Nasdaq 100 and Russell 2000 have lost 4.1% and 6.7%, respectively, on a median basis. To be sure, it was last seen on May 2 — and the Nasdaq 100 and Russell 2000 were up 13.9% and 8.6%, respectively, eight weeks after.

Persons: BTIG, Russell, Jonathan Krinsky, Krinsky, —, — CNBC's Michael Bloom Organizations: Nasdaq, American Association of, Bears, Wall

☆ Just a mirage? Traders worry November's strong start is just massive short covering
▼ + stars: | 2023-11-08 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The S & P 500 surged by 5.85% last week, its best weekly performance going back to November 2022. .SPX 3M mountain S & P 500 But a number of market participants are concerned the rally has more to do with short covering. Of those instances, the S & P 500 was down five days after the move, by more than 1% on both an average and median basis. Commodity trading advisors also accelerated short covering, notably turning short in the front end, according to a Bank of America note on Monday. Elsewhere, Citi's Chris Montagu said S & P 500 futures positioning remains "moderately bearish" following the short-covering rally.

Persons: Chris Senyek, Senyek, Goldman Sachs, BTIG's Jonathan Krinsky, Krinsky, Citi's Chris Montagu, Montagu, Wolfe Research's Senyek Organizations: Wolfe Research, Nasdaq, Bank, America, Federal

☆ Nvidia could see at least 10% more downside, says BTIG's Jonathan Krinsky
▼ + stars: | 2023-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia could see at least 10% more downside, says BTIG's Jonathan KrinskyJonathan Krinsky, BTIG chief market technician, joins 'Closing Bell' to discuss his bearish market outlook, the reasoning behind Nvidia's shares catering, and more.

Persons: Jonathan Krinsky Jonathan Krinsky Organizations: Nvidia

☆ After a miserable October, the setup for stocks in November is looking better
▼ + stars: | 2023-10-31 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

After a miserable October, the setup for November is looking better. Barring a huge rally Tuesday, October will be the third-consecutive down month for the S & P 500 — that's unusual. 1 month for the S & P 500. It's just that stocks have sold off during earnings season because of the cautious outlook being projected on many earnings calls. The chances the S & P 500 would be down four months in a row is very small.

Persons: —, That's, Nicholas Colas, Colas, JPMorgan's Marko Kolanovic, It's, hasn't, Jonathan Krinsky Locations: DataTrek, Israel, BTIG

☆ Bitcoin just broke above a key resistance level. Here's what chart analysts say happens next
▼ + stars: | 2023-10-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

At last, bitcoin has broken out of a tight trading range, potentially heralding greater highs from here. Investors should expect higher lows and higher highs in the bitcoin price over the next few months, chart analysts say. Wald said he's eyeing the 200-day moving average of $28,000 as a potential new support level while bitcoin runs into key retracement levels of its 2021-22 decline. Many chart analysts considered the previous support level to be about $25,000. For Julius de Kempenaer, senior technical analyst at StockCharts.com, bitcoin's former resistance level of roughly $31,000 could now become support, with the next resistance level ranging as high as $47,000 to $48,000.

Persons: bitcoin, Bitcoin, Ari Wald, Oppenheimer, it's, " Wald, he's, Jonathan Krinsky, Julius de Kempenaer, de Kempenaer, Michael Bloom Organizations: CNBC

☆ The analysts who study price charts for a living don’t like this stock market
▼ + stars: | 2023-10-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

The stock market is showing signs of shaking off its late summer slump, paving the way for a potential year-end rally. The S & P 500 is up more than 3% since Oct. 3 and has risen comfortably above its 200-day moving average near 4,200. And other indexes that try to better represent the entire market than the S & P 500 are showing weakness, according to a Monday note from Strategas strategist Chris Verrone. "These have been very messy charts, but both the equal-weight S & P and the Russell 2000 are again back to negative standing in our proprietary trend model," Verrone said. "The S & P 500 continues to track its seasonal tendency as well.

Persons: JC O'Hara, Roth MKM, Jonathan Krinsky, Chris Verrone, Russell, Verrone, Verrone's, Jason Trennert, Frank Gretz, Wellington Shields, Gretz, Oppenheimer, Ari Wald, " Wald, — CNBC's Michael Bloom Organizations: Wall, Nasdaq, Wellington, CNBC Locations: U.S, uptrends

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