Katie Stockton

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Last quote by Katie Stockton

The breakdowns that have developed are mostly short-term in nature, and in many cases already appear to have run their course, noting short-term oversold conditions are now widespread. We think downside follow-through will be limited, and would be looking for counter-trend 'buy' signals in the next 1-2 weeks.feedback
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NEW Aug 22 2017
Katie Stockton has been quoted 56 times. The one recent article where Katie Stockton has been quoted is These two major indices are poised for a pullback as the Dow nears the 22, 000 mark. Most recently, Katie Stockton was quoted as having said, “I am concerned about the mean reversion we have already started to see, where the overbought stocks – like the Facebooks of the world, or the Boeings of the world – that have really run up, they're looking somewhat overextended here. Whereas you're catching a bid in the more oversold areas in the market, say, energy, or retail, so I think that will persist. But really just for the next couple weeks, and that then will ultimately give way to a buying opportunity.”.
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Katie Stockton quotes

May 12 2017

The bigger risk now (to the stock market) would be overbought conditions, even more overseas than in the U.S. If momentum doesn't stay strong enough, which I think it will, that would be a risk to the market. It's a matter of momentum remaining strong enough.feedback

May 11 2017

The SPX has met resistance at its March high, a breakout above which would yield an impressive long-term measured move projection of approximately 2640. The consolidation phase is allowing the market to absorb short-term overbought conditions without a significant loss of momentum.feedback

Apr 19 2017

Down-volume was strong enough to suggest the pullback still has a hold on the market. We remain on the lookout for a buying opportunity, which appears more likely after a shakeout in high-beta areas of the market.feedback

Apr 13 2017

A deeper pullback would be constructive in that it would generate short-term oversold conditions within the framework of the long-term uptrend.feedback

Mar 27 2017

That wouldn't really damage the intermediate term uptrend or Trump rally, if you will. Really it would just be a retracement of that. To me it would be a buying opportunity. The long-term momentum by the market is still very solid.feedback

Mar 16 2017

The market saw a bullish reaction to the Fed's announcement yesterday, allowing the S&P futures to clear intraday resistance. The ratio of up- to down-volume was better than 5-to-1, setting the stage for upside follow-through today.feedback

Feb 17 2017

Short-term overbought conditions are likely to be absorbed via a consolidation phase in the days ahead. While short-term momentum may neutralize, we would view this as temporary.feedback

Feb 17 2017

That, to me, would be an entry [point]. We want to stay on the right side of these moving averages, the right side of the momentum indicators, and really have a top-down view of the market where any individual company or the stock of that company might not act in line with the fundamentals at certain times.feedback

Feb 16 2017

The SPX looks poised for several days of consolidation as it digests recent gains. However, we believe the SPX can reach our Q1 target of 2400 before a significant pullback, and would keep a bullish bias.feedback

Feb 15 2017

It's very much a momentum-driven tape, … and momentum is still quite strong. That's about where I would expect the overbought conditions to catch up with the market.feedback

Feb 13 2017

The SPX extended its uptrend to a new all-time high last week, resolving another consolidation phase to the upside. Short-term overbought conditions are not likely to be a near-term hindrance, particularly given the widespread breakouts that have occurred.feedback

Feb 09 2017

The SPX has been digesting its gains in a consolidation phase near its highs. Breakouts have outnumbered breakdowns in a reflection of healthy market breadth, or participation.feedback

Jan 05 2017

[If] we see something change, we're going to change with it. But as it stands, I think it's right to be bullish, it's right to be looking for opportunities to add exposure and really just trying to get to get those sector calls right. Already we're seeing some rotation into health care. I think that's kind of interesting. It's a bit more defensive in its properties at times, but health care does have a big footprint in the S&P 500.feedback

Dec 22 2016

We might not see [the Santa rally] this time because we actually have some momentum [in] sell signals arising just now, so I think that'll unfold and take us into early January.feedback

Dec 22 2016 - Christmas

I've been of the belief that the pullback will actually start before year-end, so no Santa Claus rally. The timing for such a rally is usually in the week between Christmas and New Year's Day. When we see a pullback, we want to be adding exposure to potentially take advantage of that.feedback

Dec 22 2016

There's been a little bit of a loss of momentum recently on a short-term basis as we've approached 20,000 for the Dow industrials. That's not really a resistance level, but somehow market psychology creates a little resistance at times near those round numbers, so this would be a very natural place for a pullback tenfold.feedback

Dec 13 2016

It's the first time that we're seeing some signs of exhaustion.feedback

Dec 13 2016

An important point about the signals that we've seen just over the past week is that they've really been concentrated in the financial sector.feedback

Dec 01 2016

Short-term overbought conditions are being absorbed via a consolidation phase this week. December's positive seasonal influences should help preserve the momentum behind the market, allowing for positive follow-through into year-end.feedback

Nov 23 2016

The SPX confirmed a breakout yesterday that yields a short-term measured move price projection of 2285. The breakout is supported by positive short-term momentum, and overbought conditions have yet to create a drag on the market.feedback

Nov 22 2016

Momentum is proving strong enough to overrule overbought conditions, so we think it is appropriate to be buying breakouts.feedback

Nov 18 2016

Signs of short-term exhaustion have arisen in macro-level indices representing stocks, bonds, commodities, and currencies. This tells us to expect a pause in their steep upmoves/downmoves in the next 1-2 weeks as overbought/oversold conditions are absorbed.feedback

Oct 17 2016

A pullback unfolded last week, leading to a successful test of initial support near 2115 by the SPX. Short-term momentum has weakened, but oversold conditions are widespread enough to suggest that the pullback will mature this week.feedback

Oct 03 2016

For me, it could be the return of overbought conditions on Friday. We had a pretty strong session on Friday and that supports a pullback today.feedback

Oct 03 2016

It's a minor level because it hasn't been tested that much. Technical levels are stronger the more you test them.feedback

Sep 30 2016

Yesterday's pullback did not damage the chart of the SPX, which still has the support of improved short-term momentum. European markets look like they may be undergoing a shakeout (of weak holders) characterized by strong emotions and heavy volume.feedback

Sep 21 2016

Our short-term indicators continue to support the pullback, with room for volatility to expand. Fortunately, breadth has gotten oversold enough to suggest a breach of support would be short-lived. We would be seeking buy-the-dip candidates to add exposure to once short-term momentum improves.feedback

Sep 15 2016

Seasonally, you'd expect further downside.feedback

Sep 15 2016

I think investors might be rewarded by waiting a few days, but not much longer than that, based on indicators.feedback

Sep 15 2016

Now there's minor resistance at the high, 2,194.feedback

Sep 13 2016

Yesterday's rebound did not improve the posture of our short-term indicators, which remain supportive of the pullback. The SPX has confirmed a breakdown below its 50-day moving average in a reflection of weak short-term momentum.feedback

Sep 13 2016

More climactic selling is needed to bring our market internal measures to oversold extremes, therein signaling a tradable low.feedback

Aug 26 2016

I think short-term underperformance is to be expected from biotech stocks, and other high-beta areas of the market, as the major indices pull back. However, I expect them to exhibit leadership in Q4.feedback

Jun 11 2016

Tested twice, three times, makes it more obvious to be a strong resistance level. There's pent-up selling pressure there.feedback

May 05 2016

An oversold bounce is likely to interrupt the pullback in the SPX today, but we think it will fade on weak short-term momentum. Signs of short-term downside exhaustion have arisen in the technology sector and European equity benchmarks, supporting a few days of stabilization in those areas. However, broad-based indices like the SPX are still a couple of days away from flashing short-term oversold 'buy' signals.feedback

Apr 06 2016

Yesterday's 1.0 percent decline in the SPX reflects a loss of short-term momentum that was already evident in most global equity markets. We find it worrisome that the NASDAQ 100 Index gapped down for the first time since early January.feedback

Mar 22 2016

U.S. stocks are positioned to pull back this morning on the back of weakness in Europe. Initial intraday support is about 20 points below current levels for the S&P futures, heightening downside risk for today/tomorrow.feedback

Mar 09 2016

The relief rally is persistent and reflects improved intermediate-term momentum. However, we would be wary of a loss of short-term momentum given widespread short-term overbought conditions.feedback

Feb 29 2016

The SPX cleared short-term resistance last week, but we expect upside follow-through to be limited by short-term overbought conditions.feedback

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