Welcome to this week’s State of the Markets with Wayne Nelson and Seth Golden. Please click the following link to review the SOTM video. In this week’s episode, we discuss key market levels as the consolidation phase carries into its full second week. The Nasdaq has corrected by ~13% and the S&P 500 has now corrected by 8% and both have finished the…...
After consecutive weeks of -2%+ drawdowns for the S&P 500 (SPX), and the Nasdaq (COMPQ) dropping below its 50-DMA, all major averages are attempting a bounce back this week. Thus far, the technicals are proving supportive of the bounce ahead of Wednesday highly anticipated FOMC rate announcement and Fed chairman’s press conference. The chart of…
To kick off the MS Global Healthcare Conference, onSeptember 14, Risinger and Harrison hosted former FDACommissioner Dr. Scott Gottlieb to discuss COVID vaccines, antibodies, and FDA considerations. Dr. Gottlieb is reasonably confident that one or more COVID vaccines will be successful. He believes the Phase 1 and 2 data published thus far has demonstrated relatively…...
Corporate outlook continues to improve on stronger than expected economic and earnings recovery, constructive guidance, as well as positive balance sheet liquidity trends. Earnings recovery is ahead of expectation due to unprecedented policy supports during lockdowns, pickup in global business cycle, accelerated growth from long duration tech plays, and more recently dollar weakness. These long…...
Welcome to another trading week!! In appreciation of all of our Basic Membership level participants and daily readers of finomgroup.com content, we offer the following excerpts from our Weekly Research Report. Our weekly Report is extremely detailed and has proven to help guide investors and traders during all types of market conditions with thoughtful insights and analysis, graphs,…
One could make the argument that this is one of the more predictable market pullbacks in recent memory. The major averages had all been expressing overbought and overheated conditions for over a month, and before the downturn began two weeks ago. With consecutive weekly negative returns, this leaves investors considering whether or not the downturn…...
Welcome to this week’s State of the Markets with Wayne Nelson and Seth Golden. Please click the following link to review the SOTM video. In this week’s episode, we discuss the consolidation phase that has finally commenced and the probabilities going forward. Investors need a plan, even for these unprecedented times, as the historical data still proves a worthy guide. Our macro/technical/historical data…...
Weekly Warm Up: Big Drop Signals Changing Dynamics Last week’s decline was technical in nature but fundamentally triggered. We think there is more downside over next month but eventually leads to further broadening out of the bull market. S&P may be range bound for rest of year making stock picking critical. Sell off was technical,…...
Welcome to another trading week!! In appreciation of all of our Basic Membership level participants and daily readers of finomgroup.com content, we offer the following excerpts from our Weekly Research Report. Our weekly Report is extremely detailed and has proven to help guide investors and traders during all types of market conditions with thoughtful insights and analysis, graphs,…
“The strong rise in equities from the March trough, coupled with bullish options positioning, makes a near-term setback likely. Goldman Sachs: 10 Reasons Why This Bull Market Has Further To Run...
