Katie Stockton, CMT, Founder and Managing Partner of Fairlead Strategies, LLC, was featured on TD Ameritrade Network’s Morning Trade Live on Monday. 

“Even though there were quite a few breakdowns on the individual stock level last week, if we do get a sharp upturn this week – which the market is set up for – those breakdowns would be left unconfirmed,” Stockton said. 

“One weekly close below a support level is not a second one,” she added, stressing the importance of waiting for such a confirmation “especially in a market like this.”

Fairlead Strategies is an independent research provider of technical analysis to institutional investors. 

Watch the full interview here: Will Strength Hold In The Market? Katie Stockton Weighs In.