Technical analyst Katie Stockton has been featured on CNBC, predicting a swift recovery for US markets after last week’s minicrash.
“You really want to be there for that first relief rally following this kind of price action, because that relief rally tends to be the most explosive. If you miss that, you tend to miss a lot of upside,” Stockton said on CNBC’s “Squawk Box” show Friday morning.
“I know it can be a bit harrowing to buy into weakness like this … but once you have a little uptick in momentum, today should help,” she said.
“Stockton said the market internals are flashing their loudest collective buy signal since the Feb. 9 intraday low, which marked the bottom after stocks nosedived from then-record highs on Jan. 26,” said reporter Matthew Belvedere.
Stockton is founder and managing partner of Fairlead Strategies, LLC, an independent research provider of technical analysis to institutional investors. Watch the full interview and read more of her predictions here: Chart analyst Katie Stockton sees loudest buy signal in the stock market since the crushing February low.