Adam Turnquist, CMT

474 posts

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Adam Turnquist, CMT

Adam Turnquist, CMT

@adam_turnquist

Chief Technical Strategist, LPL Financial, Securities offered through LPL Financial, Member SIPC https://t.co/PdwoK7qLAk

Katılım Şubat 2023
525 Takip Edilen794 Takipçiler
Adam Turnquist, CMT
Adam Turnquist, CMT@adam_turnquist·
Stocks are wrapping up a challenging first quarter today. For more insight into the technical damage, key support levels to watch, and for some historical context on market drawdowns, check out our latest blog ⬇️ lpl.com/research/blog/…
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Adam Turnquist, CMT
Adam Turnquist, CMT@adam_turnquist·
The list of technical damage across the broader market continues to grow. Only 43% of S&P 500 stocks are holding above support from their November lows. The big question now is whether the index follows suit.
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Adam Turnquist, CMT
Adam Turnquist, CMT@adam_turnquist·
Oil remains in the driver’s seat, with progress on reopening the Strait of Hormuz set to shape risk appetite. We review the latest technical damage, signals from oil and equity market implied volatility, and how Brent’s current setup compares with early 2022 during Russia’s invasion of Ukraine.⬇️ lpl.com/research/blog/…
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Adam Turnquist, CMT
Adam Turnquist, CMT@adam_turnquist·
The VIX spiked to 35.30 overnight as selling pressure intensified across equity markets. Although several risks could still drive the fear gauge higher, it has reached levels that have historically aligned with above‑average forward S&P 500 returns.
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Adam Turnquist, CMT
Adam Turnquist, CMT@adam_turnquist·
A visual breakdown showing why the broad market is slightly negative YTD, even though the average stock is up just over 5%. Weakness in the largest names continues to weigh heavily on the index. The top 5 stocks carry roughly a 25% index weight and are all down at least 3%. It would take broad strength across the entire real estate, materials, utilities, energy, consumer staples, and industrials sector to offset that drag.
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Adam Turnquist, CMT
Adam Turnquist, CMT@adam_turnquist·
The situation in Iran remains highly fluid, and oil prices serve as a gauge of how markets are assessing future geopolitical risk. Brent and WTI backing off the June '25 highs is an encouraging sign for now. Our team at LPL Research (shout out to George Smith) also provides deeper insight into how equities have performed following major geopolitical events. ⬇️ lpl.com/research/blog/…
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Adam Turnquist, CMT
Adam Turnquist, CMT@adam_turnquist·
Curious about the latest developments in the software sector? We’ve got you covered from every angle: ➡️ Our latest Weekly Market Commentary provides insight into what is driving the sell-off and addresses the big question on investors' minds — has it gone too far? 🔗lpl.com/research/weekl… ➡️ Today's LPL Research blog tackles the software topic with a bull and bear case from a fund manager perspective 🔗 lpl.com/research/blog/… ➡️ And last but not least, @jbuchbinder_LPL and I break down the software trade and what it means for the broader equity market in our latest Market Signals podcast, available here 🔗 lpl.com/research/marke…
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Adam Turnquist, CMT
Adam Turnquist, CMT@adam_turnquist·
I recently joined @juleshyman on @YahooFinance to discuss what it may take for the S&P 500 to sustainably clear the 7,000-point milestone and how using technical analysis can provide some much-needed clarity when volatility picks up. Thanks for having me on! Why the S&P 500 could hit 7,000 this week finance.yahoo.com/video/why-p-50…
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Adam Turnquist, CMT
Adam Turnquist, CMT@adam_turnquist·
President Trump’s pick of Kevin Warsh for Fed Chair is capturing most of the blame for today’s unwind of the debasement trade. Gold is sharply lower as the dollar bounces off support. Historically, when gold experiences rapid gains — like it has in recent months— volatility tends to increase afterward. The chart illustrates that strong 3‑month advances in gold have often been followed by higher realized volatility over the next three months.
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Adam Turnquist, CMT
Adam Turnquist, CMT@adam_turnquist·
With oil prices finally making some technical progress, "keep an eye on inflation," as Chair Powell noted during yesterday's FOMC meeting.
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