Katie Stockton on S&P500: No Major Breakdown Yet

Katie Stockton is Chief Market Technician at MKM partners. She sat with CNBC yesterday to discuss the recent corrective action in the S&P500. Stockton hasn't seen any major breakdowns yet and is looking at 1340 for support. With the intermediate term momentum remaining positive and April's positive seasonal influences, Katie believes that this pull back will be short lived presenting a nice buying opportunity. Her upside target is around 1440 so there is still room to run.

Here is the video in full where she also talks Copper, Oil, and the Dow Jones Transportation Average. Nice job Katie:

Source:

Technicals: What the Charts Are Saying (CNBC)

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