Craig Johnson - Customer Growth Partners

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Last quote by Craig Johnson

Under the context 'it's so bad, it's good,' this is a key support level, and you may find the bounce here.feedback
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Oct 19 2017
Find all of Craig Johnson’s quotes that have been published in 74 different articles on this page. Craig Johnson’s quotes are organized by date and topic, making it easy for you to compare, for example, what Craig Johnson has said both recently, and in the past, on a variety of topics. Some of the topics Craig Johnson likes to comment on include S&P, January and market. Most recently, Craig Johnson said, “Speed wins, speed kills.”.
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Craig Johnson quotes

Jul 06 2017

I feel even stronger about our year-end call of 3, 3.25 [percent] in the 10-year bond yield at this point.feedback

Jun 21 2017

It's been about five times we've tried to break above that $300 level on the IBB, and we're just now starting to do that.feedback

Jun 02 2017

At this point in time, markets seem to be not particularly worried about this election coming up given that they remain fairly calm.feedback

Jun 02 2017 - Snapchat

It's not insignificant. People are very stretched financially ... this is yet another pressure factor.feedback

May 25 2017

I'm not going to fight the earnings trend of the market. We are finally seeing a lot of these names inside of the tech sector doing well.feedback

May 22 2017

Right now, I'm starting to see some little divergences crop up when I look at the relative strength indexes, the [moving average convergence/divergence] indicators; they're not making new highs alongside the index itself.feedback

May 10 2017

We've gotten to very, very low levels in the past, in the early 1990s. Remember, that was a very bullish time for equities. And also in the mid-2000s, we saw the VIX at very, very low levels, and you stayed there for a long time.feedback

May 10 2017

I look at this and say, it's low, but this is a positive sign, and the VIX is not a good gauge for picking tops. It's a better gauge for picking bottoms.feedback

May 10 2017

This is now the fifth time we have seen the IBB stall out at this $300 level. You can see that every little pullback tends to be a higher low than we've had before. So I think on this pullback that we're getting right now, this is a very important support level right back to that uptrend support line. I suspect it's probably going to hold. So I suspect on this next move up, we finally break through that $300 level, and I suspect that the upside target, at least measuring it from the chart perspective, gets us to about $360. We like the IBB here, and we like biotech names specifically.feedback

Apr 12 2017

[Citigroup] is off the least amount, it's holding up better in terms of the charts, than where you're at with Wells Fargo and JPMorgan. And I'll point out that a close above $61.50 would start a new leg higher for Citigroup.feedback

Apr 12 2017

The last four times the VIX index has moved above its 200-day moving average, we have seen the market move higher by about 2.6 percent over the next for weeks, and 6.7 percent over the 13 following weeks.feedback

Apr 12 2017

From my perspective, I think we're getting that kind of retest of the [level on the] 2-10 spread. I'm still optimistic; I still think we're going to see the 10-year bond yield reach about 3.25 [percent] by the end of this year, and I continue to think it's going to be a positive sign for overall equity markets. The Fed knows what an inverted yield curve means and would mean to the overall market; I don't think they're going to risk that, and they'll continue to push on a policy of taking it very slow.feedback

Apr 05 2017

We've got kind of a re-setting of expectations that are happening right now. We didn't see the health-care bill get put through, the Fed has raised rates, brought up the shorter end of the curve, but we haven't seen those inflation expectations accelerate, due to some of the challenges in Washington.feedback

Mar 28 2017

There's no technical damage that has been done; there's just a lot of digestion going on here, and a little bit of rethinking about how fast some of these agendas are going to get accomplished in Washington. All we're seeing is some profit-taking. I do think the 'Trump trade' will reignite and reassert itself in coming months.feedback

Mar 28 2017

We have another relief rally in gold.feedback

Mar 28 2017

We're running into big overhead resistance here at $1,260. I would be selling into the strength on gold.feedback

Mar 22 2017

It's a sad story. This is the place that created the first direct to consumer retail, the first modern department store. It stood like the Colossus over the American retail landscape. But it's been underinvested and bled dry. It has a lot of good memories. It stands for being dependable and reliable.feedback

Mar 22 2017

What Woody brings is ineffable – call it charisma, call it charm, likability. You can go on a ride with him and you can forgive him terrible things. That's why he gets cast as psychopaths and serial killers and corrupt cops. Because you can forgive Woody. He's got that little twinkle in his eyes.feedback

Mar 20 2017 - Oil

All these pieces, when you put them together, suggest that crude oil is oversold and due for, I think, a pretty healthy bounce. Something similar looks like it's unfolding right now that could take the oil price back above $50 and then maybe as high as $55. So definitely like what we're seeing here, for at least a short- to intermediate-term trade and maybe a little longer.feedback

Mar 08 2017

It looks like to us we can see a measured objective in about the $210 range from our perspective.feedback

Mar 08 2017

If there is to be a pullback – a 1 percent drawdown in the market – we want to be buying the dips.feedback

Mar 08 2017

We still like what we're seeing in the market and we think that history is on our side saying that this is an environment where equities will continue to work higher.feedback

Mar 08 2017

So I really think this is more of a short-term adjustment, and what we see is HYG starts acting like a bond, like it typically is, and you see that kind of quick sell-off.feedback

Feb 22 2017

The brand itself is both the biggest asset and the biggest liability. It needs to focus on bringing the brand more in the present.feedback

Feb 22 2017

At this point in time, I definitely favor the large-cap, but over the long-term, over, say two, three years, small caps, historically, have done very well.feedback

Feb 22 2017 - Bull market

I think the world has forgotten that this is a new secular bull market, and cyclical growth stocks are back in. When I look at a chart of Freeport-McMoRan here, what a great bottoming setup here. It's your classic inverted head and shoulders bottom.feedback

Feb 22 2017

All we're doing is pulling back and retesting where we broke out from.feedback

Feb 08 2017 - Nike

In fact, both of these stocks look like they've been put in the penalty box for a while. Under Armour looks like it's got a 10-minute major, and Nike looks like it's a two-minute minor penalty at this point in time, sparing no pun. But again, you're still trying to trade a stock that's in a pretty well-defined downtrend. I see the best ultimate support on this stock at about $16. Look for the stock to go higher first, but ultimately re-test that 16. And that's where I'd get more interested in trying to take a long position in that stock.feedback

Feb 08 2017 - Nike

I think from my perspective, if we see some of these border tax and even repatriation of some dollars, you've got a mixed set of headwinds there. But ultimately, at the end of the day, I do think that Nike, on a repatriation of dollars, will see a meaningful leg higher, because they do have quite a bit of dollars offshore.feedback

Feb 07 2017

There's a little over 20 percent upside from here, so we like this stock. Over the near term, look for shares to accelerate on the breakout and then pullback to retest what is now resistance and soon to be support.feedback

Jan 30 2017 - Facebook

We've had a nice up-trending slope in Facebook, and it looks like we've made a bit of a triple bottom recently.feedback

Jan 10 2017

That's the downtrend resistance line off the 1981 highs, adding that a reversal above 2.75 percent would usher in shift in asset allocation from fixed income to equities.feedback

Jan 04 2017

You can see after 2016 and 2015, you were in this kind of consolidation period, we finally broke out to new highs. And there's a new upward price channel that is emerging, examining a chart of the S&P 500.feedback

Jan 04 2017

Right now you've reached that measured objective and every time I see us reach this measured objective, you usually consolidate back and fill for a little bit.feedback

Dec 27 2016 - Christmas

This was the strongest Christmas Eve we've seen in a long time.feedback

Dec 27 2016

We had a major inflection point in retail demand occurring a few days after the election... [and] things have steadily gathered steam ever since then.feedback

Dec 13 2016

During the sell-off you'd seen back in January, February, we got a lot of pressure from sales, trading and everybody else that we had to cut our numbers.feedback

Dec 13 2016

So from our perspective, we don't think rising rates in here are going to be a problem for equity markets going forward, pointing to an. Rates are starting to move higher, and our forecast for 2017 is, we are calling for 3 to 3.25 [percent] on the 10-year bond yield, and we think equities are going to go along with it.feedback

Dec 06 2016

So you're starting to see some positive influence here in the consumer cyclical stocks.feedback

Dec 02 2016

You generally have a positive correlation, but there are periods of time when you get a negative correlation, and when it happens, it actually tends to be a very interesting entry point for the HYG.feedback

Dec 01 2016

We think there is going to be a continual pressure to buy offense and kind of pro-cyclical type names, and there is going to be a waning of money coming out of these utilities as that bond proxy trade is really coming off, from our perspective.feedback

Nov 25 2016 - Thanksgiving

Initial reports show it's steady and not very busy at stores around the country.feedback

Nov 23 2016

What's happening is, we had a great relief rally that failed at $1,375.feedback

Nov 23 2016

We would continue to use any relief rallies to be lightening up on gold.feedback

Nov 23 2016

It looks like we have further downside left to go in gold.feedback

Nov 18 2016

This is substantial. And this is a clear change in psychology and sentiment in the market toward these areas, calling the current moves.feedback

Nov 17 2016

Short-term, they're going to pull back a little bit. But in the longer term, I think there's still more room to go.feedback

Nov 17 2016

So I'd be buying any pullbacks.feedback

Nov 14 2016

From our perspective, the election setup as a classic 'sell on the rumor and buy on the fact' trade as narrowing poll numbers left the market holding its (breath) leading up to Election Day. However, when the unknown variable was removed and Donald Trump became President-elect Donald Trump, investors realized that voters gave him a clear mandate for change (president and Congress).feedback

Nov 09 2016

From our perspective, despite who moves into 1600 Pennsylvania Avenue this January, the market remains on solid footing, supported by both constructive fundamental and technical trends.feedback

Nov 08 2016

The recent price action that we've been seeing has been nothing but a relief rally. I think if you've got a Trump win, you've got a slight push higher, but it's going to have to take a move to about 1,350 or 1,400 to reverse that long-term downtrend.feedback

Nov 03 2016

This is an index that has already violated the uptrend support line that has been intact for the last 12 or 18 months, and you're not starting to put in a series of lower highs and lower lows.feedback

Nov 03 2016

It's going to rotate into other areas such as the financials.feedback

Nov 01 2016

They are not participating to the extent other people are.feedback

Oct 31 2016

About half of the weighting in this ETF is in 10 stocks, and those are all the large-cap names inside of this. It's the mid-, small-cap stocks inside of the biotech world that are doing the best, and the larger-cap names have been a lot weaker.feedback

Oct 13 2016

We're at a decade low in terms of shares outstanding, [which] means that the denominator, when we think about price over earnings ratios, is starting to shrink. So earnings are going to be better than what I think people are expecting.feedback

Oct 13 2016 - Bull market

I think this is a positive sign, and why we still think this structural bull market probably has more room to work as we think over the next couple of years.feedback

Oct 13 2016

If you take a look at the XLF, clearly there's a downtrend reversal that has occurred.feedback

Oct 13 2016

I'd look for some profit taking to come in at that point in time, look for the drift back a little bit. But ultimately, looking out six to 12 months, I see a retest of the highs you see in May of 2015, that would take the stock back up to about $130.feedback

Oct 05 2016 - Walmart

I don't think there'll be any extraordinary closures of the large-format stores.feedback

Oct 05 2016 - Walmart

They're each trying to address the small-basket shopping mission.feedback

Sep 28 2016

And at this point in time you can see a very well-defined channel that the shares have been in.feedback

Sep 28 2016

The chart has been a terrific trending stock over the last several years.feedback

Sep 09 2016

I know a lot of fund managers are going to be looking to put money back to work. This is going to give them the opportunity and the reason to do that.feedback

Sep 09 2016

Right now, this looks like a back-to-school sale from our perspective.feedback

Sep 09 2016 - Bear market

In our world, a 0 to 5 percent drop is noise, 5 to 10 percent is a pullback, 10 to 20 percent is a correction and 20 percent or more is a bear market.feedback

Sep 08 2016 - Tesla

I would move on to other names that look more attractive, like Apple, for example.feedback

Sep 08 2016 - Tesla

If you got to put it into a buy-sell-hold category, I am a hold. I would be a seller on a break below $180, because that's going to be a big change in sentiment toward the stock.feedback

Aug 30 2016 - Bull market

This thesis does seem to make some sense, but it works in a market that's sideways consolidating, and right now we're in a bull market, and we think there's going to be more upside ahead.feedback

Aug 29 2016

We're finding strength in the financial sector. Perhaps we're going to see a rate hike in November or December. Financials look good [and] they will benefit off of that, and a lot of the large-cap banks are turning higher.feedback

Aug 22 2016

Typically bonds lead equities.feedback

Aug 10 2016

We've now got the Dow, we've got the S&P and now we've got the Nasdaq making all-time new highs.feedback

Aug 10 2016

It looks like we're making kind of a classic bottoming-type pattern – left shoulder, head, right shoulder. We broke it above the neckline.feedback

Jul 26 2016

I think you got $2 to $3 on the downside back to about $40. But the last time I saw a setup like this was the bottom of the market at about 2008, 2009 on the S&P 500. That was a nine-month setup, and standing that measured objective up led to a very nice return in the markets.feedback

Jul 26 2016

Looking at this price objective [that's] standing it up, you could be between $70 to $75 in oil in about 12 months, based upon the top-line break in that neckline here.feedback

Jul 21 2016 - Deloitte

Back-to-school shoppers in 2016 will be cautious in spending, but relentless in searching for value.feedback

Jul 12 2016

On that XLF, we need to see it close above about $24 to conclude that the uptrend that had been happening for a while is going to reassert itself.feedback

Jul 12 2016

When we downgraded financials [to neutral], we upgraded the basic materials sector to an overweight and we're starting to see a lot of interesting stocks and a lot of interesting industry groups there really starting to pick up.feedback

Jun 23 2016

These are all very good companies, it just might not be the time to be buying the individual stocks.feedback

Jun 16 2016

When you look at our longer-term chart going all the way back to the 1990s, you'll see that when we have a turn in the CRB index, usually you will see a turn in the CPI index six to 18 months later.feedback

Mar 07 2016

It's going to take a close above $40 to reverse a long-term downtrend we've seen.feedback

Feb 18 2016 - Walmart

For the first time in its history ... they're expecting sales to be flat this year. That's never happened.feedback

Jan 07 2016

I still hesitate to put too much emphasis on Penney's given how much business they lost and what they're building back.feedback

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