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Top related persons:
Amgen - 1 Tom DeMARK's - 1 Mark Newton - 1 — - 1 Newton - 1 REITS - 1 Tom Demark - 1
Top related locs:
Fundstrat
Top related orgs:
AMGN - 1 Service - 1 Utilities - 1 Staples - 1

Search resuls for: "Tom Demark"


3 mentions found


☆ A pullback in this biotech stock has created a buying opportunity, according to the charts
  + stars: | 2024-04-22 | by ( Katie Stockton | ) www.cnbc.com   time to read: +2 min
Amgen has been in pullback mode since the beginning of February, losing roughly 13% within the context of its long-term uptrend. For those interested in "buying the dip," this may be a good time to revisit the stock, noting the decline looks overdone in the short term. There has been a positive reaction from AMGN to a short-term counter-trend "buy" signal from Tom DeMARK's TD Combo model, which supports a minimum two-week bounce. With Friday's reversal bar on AMGN's daily chart, combined with today's strength, our preferred momentum indicator the daily MACD is back on a "buy" signal. The MACD also shows a positive short-term divergence, supporting a bigger relief rally for AMGN in the near term.
Persons: Amgen, Tom DeMARK's Organizations: AMGN
☆ These are the 8 warning signs investors should follow to know if a stock market correction is imminent
  + stars: | 2023-07-05 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +4 min
Even as the stock market continues to surge more than 25% from its mid-October low, some investors are expecting a correction. These are eight warning signs investors should monitor for a potential stock market sell-off, according to Fundstrat. For those investors, Fundstrat technical analyst Mark Newton highlighted the top warning signs to monitor to gauge whether a stock market correction is imminent. These are the eight warning signs investors should monitor to gauge whether a stock market correction is imminent, according to Fundstrat. So far this year, the mega-cap tech stocks have driven a bulk of the gains in the stock market.
Persons: Mark Newton, —, Newton, REITS, Tom Demark Organizations: Service, Utilities, Staples Locations: Fundstrat
☆ Technology stocks just flashed their first sell signal since just before the market peaked in November 2021
  + stars: | 2023-03-28 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +4 min
The Nasdaq 100 just flashed a "sell" signal for the first time since November 2021, according to Fairlead Strategies. The sell signal suggests the stock market will soon roll over, leading to a return of strength in defensive sectors. Outperformance in utilities and health care stocks "would be naturally associated with the next market downdraft," Fairlead's Katie Stockton said. The sell signal was generated on Monday via the Tom DeMark Sequential indicator, which generated a counter-trend "13" sell signal. "The implications of the '13 sell' signal are for a two-week pullback in the Nasdaq 100, but sometimes they yield more lasting reversals."
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