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
57

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

    • EF

      Eric F.

      11 5 2018 00:40

      1       1

      To be fair Ken, they are trade ideas not investing ideas. But I’m with you, I’d prefer more investing focus content overall.

  • NH

    Nigel H.

    10 5 2018 12:41

    10       0

    Stop greater than target, so poor RR setup.

    • RM

      R M.

      10 5 2018 13:14

      33       0

      The multiple day delay in publishing this simply will not work with short term trades like this. RV, you gotta do better with these short pieces, put them up the same day!