Technical Setup for Regional Banks

Published on
February 21st, 2019
13 minutes

Technical Setup for Regional Banks

Trade Ideas ·
Featuring Mark Newton

Published on: February 21st, 2019 • Duration: 13 minutes

Mark Newton, president and founder of Newton Advisors, likes betting on regional banks in the weeks and months ahead. He runs through the technical setup and considers the best way to make the play, in this interview with Justine Underhill. Filmed on February 19, 2019.


  • MM
    Mike M.
    24 February 2019 @ 19:16
    Mark, not thanks second mouse gets the cheese.
  • RS
    Robert S.
    24 February 2019 @ 13:23
    Buying into banking at the end of a credit cycle? Has this guy lost the will to live? I wish him luck cause he will need a lot ...
  • CC
    Chris C.
    21 February 2019 @ 12:23
    Mark I’ve heard you three times before on RV and thought ok, sharp guy! But THIS! I know you have to know this? US growth peaked in 3Q18. Its all downhill from here. And when you look at the 1Q & 2Q 2019 comps, it’s going to get ugly. As of yesterday 412 of the 500 S&P companies have reported aggregate y/y EPS growth of +10.85%. Q2 & Q32018 aggregate growth rate was +24%. And finally, 3 sectors are showing negative y/y earnings growth rates right now: Materials, Utilities, and wait for it.......Financials. I’m not predicting what this will do to the markets but me personally, I’m not buying stocks.
    • CA
      Craig A.
      24 February 2019 @ 03:19
      Too many wobbling Domino’s for me to put my hard earned cash on the line.
  • AV
    Adam V.
    24 February 2019 @ 01:37
    As a corollary data point, about two weeks ago a lot of regional banks showed up on my Chaikin screener. If it wasn't for the fact that I already have a large core holding in a money center bank, many of those setups two weeks ago we're great.
  • MN
    Michael N.
    22 February 2019 @ 05:33
    This is interesting because I’ve seen a lot of bank charts look pretty good, but tlt and the utilities looking strong too. Someone is going to be wrong in a big way, maybe we see rates uptick short term before getting slammed with zero growth realizations later on.
  • SH
    Steve H.
    21 February 2019 @ 18:36
    Bullish in November because rates were going up. Bullish now because "the Fed is broadly on the right path" (i.e., rates are on hold with a possible downward bias). Seriously? That's 13 minutes of my life I won't get back.