Chart Check on Tech

Featuring

Mark Newton of Newton Advisors takes a close look at tech stocks, particularly in relation to the S&P 500 overall, and then lays out his trade. Filmed on May 7, 2018.

Published on
10 May, 2018
Topic
Trading, Technical Analysis, US Economy
Duration
5 minutes
Asset class
Equities
Rating
58

Comments

  • SS

    Sophocles S.

    17 5 2018 08:07

    0       0

    2nd time we see XLK presented...

  • BC

    Burton C.

    10 5 2018 23:51

    5       0

    Well, he has made money in this trade already... good for him, but I would not chase this at this point, especially with two running gaps (urgency gaps ) on the daily chart over the past week. These type gaps are the most likely to be filled.

  • EK

    Eric K.

    10 5 2018 19:33

    5       0

    Really? The risk reward on that trade is 0.7. Who would chase after that?

  • KF

    Ken F.

    10 5 2018 17:08

    5       1

    Bubble chasing ok for traders not investors ....buy fear sell greed

  • NH

    Nigel H.

    10 5 2018 12:41

    10       0

    Stop greater than target, so poor RR setup.