Katie Stockton, CMT, was featured on CNBC’s Closing Bell Wednesday with a positive outlook on a few of the tech stocks that have displayed unusually extreme behavior recently.
She pointed to indicators that show the S&P is oversold in the intermediate term, and said she believed Apple also is oversold in the intermediate term.
“It doesn’t have a buy signal yet. It doesn’t have that improved momentum that we’re seeing in other areas of technology. But I think it’s only a matter of time,” Stockton predicted.
“You also have big extremes in breadth and sentiment and leadership that we really don’t often see,” she said of the S&P 500.
Read the full article here: Chart analyst Katie Stockton sees ‘very bullish’ signs for S&P, Apple and Amazon.