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☆ Why copper's 12% surge over the past month could signal bright times ahead for the broader economy
▼ + stars: | 2023-06-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Copper prices have jumped as much as 12% from their May 25 low, and that could signal green shoots for the economy. Copper prices have long been viewed as a leading economic indicator because it is utilized in various sectors of the economy. Essentially, rising copper prices could signal increased demand and therefore increased economic activity, and vice versa for when copper prices fall. But rising copper prices aren't always driven by an increase in demand for the commodity, and could instead be impacted by other factors. Sosnick also said that recent interest rate cuts in China could be impacting copper prices more so than broad economic strength "since other key commodities like oil are hardly signaling economic strength."

Persons: Ryan Detrick, —, Katie Stockton, Stockton, Ryan Detrick wouldn't, he's, Detrick, Tom Lee, Steve Sosnick, Sosnick Organizations: Service, Carson Group, Interactive Locations: Stockton, China

☆ Apple stock could soar 37% to a $4 trillion market valuation by the end of 2024 after confirming a key breakout to all-time highs
▼ + stars: | 2023-06-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Apple stock could see big upside ahead after it confirmed its breakout above the prior record high of $183, according to Fairlead Strategies. Shares could jump 37% from current levels to $254 by the end of 2024. This "bullish long-term development" generates a new price objective of $254 per share for Apple, representing potential upside of 37% from current levels. The 20-day moving average for Apple stock is currently around $181 per share. Apple stock has surged 44% so far in 2023 and has driven the bulk of the S&P 500's year-to-date gain of about 14%.

Persons: —, Katie Stockton, Stockton Organizations: Service, Apple

☆ Morgan Stanley expects the stock market to plunge. Others aren't so sure.
▼ + stars: | 2023-06-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

An American flag hangs behind traders working on the floor of the New York Stock Exchange (NYSE) on October 11, 2019 in New York City. Morgan Stanley, for example, has adopted a downbeat view for the months ahead. Falling prices, Morgan Stanley explained, can cut into revenue growth and weigh on earnings. "This should begin to hit asset prices by the end of this month and carry into the fall," Morgan Stanley strategists said. To Stockton, the S&P 500 could soon trade as high as 4,510, or about 3% higher than current levels.

Persons: I'm Phil Rosen, Jerome Powell, Drew Angerer, Morgan Stanley, Mike Wilson, Katie Stockton, Stockton, Morgan Stanley's bearishness, Rick Bowmer, Tom Lee, Phil Rosen, Jason Ma, Hallam Bullock Organizations: Capitol, Financial Services, Committee, Fed, New York Stock Exchange, NYSE, Advance, Bank of England, Patterson Companies, Winnebago Industries, Bloomberg, Manheim Locations: American, New York City, Stockton, Salt Lake City, London, China, Europe, New York, Los Angeles

☆ The stock market's fear gauge just hit its lowest level in 3 years as a new bull market kicks off
▼ + stars: | 2023-06-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Wall Street's fear gauge fell to its lowest level in 3 years just as a new bull market hits stocks. The decline in the VIX suggests that the stock market has entered a regime of low volatility following the bear market of 2022. A new bull market starts when an index surges 20% from the lowest close of its bear market. The Nasdaq 100 already entered its bull market at the end of March. "We wouldn't be surprised at all if this new bull market would continue much longer than most think and the VIX will also stay consistently beneath 20.

Persons: Carson Group's Ryan Detrick, —, Nicholas Colas, Colas, Carson Group's, Ryan Detrick, Detrick, Katie Stockton doesn't, we've, Stockton Organizations: Service, Nasdaq, DataTrek Research

☆ Nvidia shares are on a tear this year. Why Wall Street is bracing for a near-term pullback
▼ + stars: | 2023-05-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Nvidia shares are on a tear this year as the chipmaker asserts it dominance and cements itself as the one to beat in the AI arms race. NVDA YTD mountain Nvidia shares in 2023 Wall Street analysts and investors remain confident in the long-term trajectory of the stock, but say its latest jaw-dropping surge sets Nvidia up for a short-term pullback. Overbought conditions and a short-term pullback Despite Nvidia's jaw-dropping print, most near-term momentum indicators show the stock is overbought. Even so, Wald suggests investors consider buying on any pullback and using market dips to sell relatively weaker positions and buy Nvidia. Consolidation in megacaps Nvidia isn't the only big technology giant Wall Street's cooling on at least in the near-term.

Persons: Paul Meeks, Ari Wald, Oppenheimer, Wald, Janney Montgomery Scott, Dan Wantrobski, Katie Stockton, tailwinds, Price, Microsoft's, Meeks, Michael Bloom Organizations: Nvidia, Independent Solutions Wealth Management, Street, Amazon, Microsoft, Apple Locations: Tuesday's

☆ Chart analysts see market correction coming after temporary debt ceiling-deal euphoria
▼ + stars: | 2023-05-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

But market breadth, or the measure of how wide-reaching a rally is, has ebbed. CanaccordGenuity technical analyst Javed Mirza said in a note to clients on Monday that an "intermediate-term equity market correction looms" if market breadth does not improve. Over the past three months, the Nasdaq 100 has gained more than 18%, and the S & P 500 has advanced nearly 6%. Meanwhile, the Invesco S & P 500 Equal Weight ETF (RSP) has fallen more than 3%. According to Bespoke Investment Group, 90 stocks in the S & P 500 have hit 52-week highs this month.

☆ Great to add small-cap exposure if we see large-cap breakouts: Fairlead Strategies’ Katie Stockton
▼ + stars: | 2023-05-19 | 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 EmailGreat to add small-cap exposure if we see large-cap breakouts: Fairlead Strategies’ Katie StocktonKatie Stockton, Founder and Managing Partner of Fairlead Strategies, joins 'Squawk Box' to discuss the latest market trends, the technical indicators to watch for, and more.

☆ Stockton: A major stock comeback today would be a bullish development for the markets
▼ + stars: | 2023-05-05 | 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 EmailStockton: A major stock comeback today would be a bullish development for the marketsKatie Stockton, Fairlead Strategies Founder and Managing Partner, gives her technical take of the markets.

☆ Here's the outlook for bitcoin as the cryptocurrency struggles to reclaim the all-important $30,000 technical level
▼ + stars: | 2023-04-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The price of bitcoin is testing a pivotal level that could determine whether strength or weakness is ahead. The cryptocurrency needs to decisively clear $30,000 to test its $35,200 resistance level, according to Fairlead Strategies. If bitcoin can decisively clear that threshold, Stockton expects the cryptocurrency to trend toward its key resistance level at $35,900, representing potential upside of 24%. While Stockton is bearish on bitcoin in the short term and bullish on bitcoin in the intermediate term, she remains neutral on the cryptocurrency for the long term, proving just how mixed the technical outlook for bitcoin is. "We are long-term neutral despite improved intermediate-term momentum given the additional hurdle from the monthly cloud... the cloud is now a headwind, acting as long-term resistance," Stockton said.

It uses S & P 500 stock index options prices to measure the market's expectations of near-term volatility. And essentially, what that means is that the S & P 500 should eventually break out. .VIX YTD mountain CBOE Volatility Index (VIX) has reached multi-year lows in April 2023 The chart analyst noted, however, that she expects some weakness in near term before the breakout occurs. And it just turned down for the S & P 500 — it was already pointing lower for the NASDAQ 100," Stockton said. Stock Chart Icon Stock chart icon CBOE Volatility Index (VIX) has reached multi-year lows in April 2023The chart analyst noted, however, that she expects some weakness in near term before the breakout occurs.

☆ S&P 500 should eventually break out, says Fairlead Strategies' Katie Stockton
▼ + stars: | 2023-04-26 | 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 EmailS&P 500 should eventually break out, says Fairlead Strategies' Katie StocktonKatie Stockton, Founder and Managing Partner of Fairlead Strategies, joins 'Squawk Box' to discuss the market outlook, the state of crypto, and more.

☆ Stocks remain in corrective phase within bear market, says Fairlead Strategies' Stockton
▼ + stars: | 2023-04-13 | 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 EmailStocks remain in corrective phase within bear market, says Fairlead Strategies' StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss Stockton's case for the markets, Stockton's forecasts for yields and more.

☆ Where bitcoin goes next after hitting $30,000, according to chart analysts
▼ + stars: | 2023-04-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin climbed above $30,000 Monday night for the first time since June – and sustained that level throughout trading on Tuesday. This week's price rally has added to the optimism around bitcoin's recent strength and resilience and interest from new investors – and chart analysts agree the cryptocurrency is in a solid uptrend trend – after posting a 63% loss for 2022. "Specially, following its March breakout above key resistance, price had consolidated sideways for a number of weeks," he said. BTC.CM= ETH.CM= 1Y line Bitcoin (BTC) and ether (ETH) over the past year Fairlead Strategies' Katie Stockton echoed that, saying bitcoin "pushed out of its consolidation phase, following a base breakout in March." The recent breakout level near $1,850 should hold in coming days to keep the momentum going.

☆ Bitcoin's nearing a breakout moment — prices topped $30,000 for the first time since June 2022
▼ + stars: | 2023-04-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Bitcoin has rallied above the $30,000 level for the first time since June 2022. The gains are driven by expectations the Fed could scale back its rate hikes, an analyst said. Bitcoin is up about 80% this year so far while Ether is up about 60% in the same period. Veteran trader Peter Brandt flagged the possible "breakout" on Twitter as Bitcoin was heading toward a key resistance level of $30,000. Teng's technical analysis of Bitcoin's chart shows prices nearing $35,000 if the upside price momentum continues.

☆ Tesla just flashed a sell signal that could spark a 14% decline amid more vehicle price cuts
▼ + stars: | 2023-04-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Tesla stock just flashed a sell signal that could spark 14% downside, according to Fairlead Strategies' Katie Stockton. The technical sell signal comes amid more price cuts for Tesla's Model 3, X, and S vehicles. A signal line is plotted, which can function as a buy and sell signal. "Incremental price cuts likely needed amid inventory build, especially as production at Austin and Berlin ramps [higher]," Barclay's said earlier this week. These price cuts should weaken Tesla's profit margins, which, aside from delivery figures, is what Wall Street is laser focused on.

☆ Watch CNBC's full interview with Fairlead Strategies' Katie Stockton on stocks
▼ + stars: | 2023-04-05 | 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 EmailWatch CNBC's full interview with Fairlead Strategies' Katie Stockton on stocksKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss Stockton's thoughts on current market levels, if Stockton's support levels have changed and more.

☆ Market isn't showing evidence that bear market cycle is over, says Fairlead's Katie Stockton
▼ + stars: | 2023-04-05 | 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 EmailMarket isn't showing evidence that bear market cycle is over, says Fairlead's Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss Stockton's thoughts on current market levels, if Stockton's support levels have changed and more.

☆ 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."

☆ Relief rally will likely fail, says Fairleads' Katie Stockton
▼ + stars: | 2023-03-27 | 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 EmailRelief rally will likely fail, says Fairleads' Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' joins to discuss recent market technicals, her thoughts on Bitcoin, and more.

☆ Bitcoin is up 60% so far this year as investors rediscover appeal as alternative banking system
▼ + stars: | 2023-03-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Cryptocurrencies stood out this week as bank shares tumbled and the global liquidity crisis rocked the stock market. Bitcoin versus the banks The price of bitcoin twice rose above the key $25,200 level to more than $26,000, according to Coin Metrics. BTC.CM= 1Y mountain Bitcoin, 1-year Bitcoin's outperformance amid a crisis in the traditional banking system had some wondering if the price rallied on a potential narrative shift. Though bitcoin was initially designed to be digital cash and an alternative financial system, it spent much of last year trading like a speculative asset. "In practice, bitcoin isn't isolated from the traditional banking system.

☆ Large cap technology has provided a floor for the market this week, says Fairlead Strategies' Katie Stockton
▼ + stars: | 2023-03-17 | 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 technology has provided a floor for the market this week, says Fairlead Strategies' Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss moving out of the bear market cycle, positive seasonal influences, and large swings in bitcoin's value.

☆ We are watching 3,505 for the next major support for S&P 500, says Fairlead's Katie Stockton
▼ + stars: | 2023-03-15 | 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 EmailWe are watching 3,505 for the next major support for S&P 500, says Fairlead's Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss her investing take, whether investors have seen the peak of rates, and more.

☆ Wall Street's bullish comments push Apple to a possible breakout zone on its chart
▼ + stars: | 2023-03-07 | by ( Patti Domm | In | ) www.cnbc.com time to read: +2 min

Apple last closed above $156 in September. "The rally has lifted Apple up into strong resistance, creating a proving ground," said Katie Stockton, founder of Fairlead Strategies. AAPL 1Y line aapl Stockton said Apple could get to $158, the top of the resistance zone on its chart. If Apple were to make a move and hold at a higher level, it would be good for the overall stock market. "How Apple handles $156 to $157 will give us some clues as to whether this is just another bear market bounce," said Redler.

☆ Inflation's direction will drive crypto's action in March now that the 2023 rally has faded
▼ + stars: | 2023-03-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin and ether are starting the new trading month on a positive note – following a relatively flat month – each rising less than 1% Wednesday. In the near term, our bet is on the dollar pulling back," he said Wednesday. If we're right and more upside lies ahead in the near term, it's tough to think crypto isn't a major beneficiary." Long-term investors see regulation as a positive development ultimately, but it can put pressure on prices in the near term, Kruger said. Breaking past $25,000 Although bitcoin held up in February, investors are unsure when to expect a rocket ship rally .

☆ Bond yields are close to a major psychological level that could really spook the stock market
▼ + stars: | 2023-02-28 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

The benchmark 10-year Treasury yield is hovering close to a key level that strategists say could give stock investors a fright. The 10-year Treasury yield broke through resistance in recent sessions and is now a hair below the important 4% level. It's very much an inverse relationship between yields and the stock market," said Katie Stockton, founder of Fairlead Strategies. "That does suggest 4%, which is not a resistance level, but it's certainly a psychological level...It impacts people for nothing more than it's a round number. After the October high, Stockton said the next big level on the 10-year yield chart would be about 5.25%, a resistance level established in 2006.

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