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 look at the battle taking place within the major averages and after both the S&P 500 and Nasdaq drop below their 50-DMA. Markets are deciphering a few tail risks/narratives as the economic data proves…...
After 2 trading days having concluded for the week, and despite the seemingly unchanged level in the S&P 500 (SPX), there has been a goodly amount of price action that has taken place. At its trough level for the week-to-date, the S&P 500 dropped to foreseeable and forecastable levels before rebounding on Tuesday with a…
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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,…
Somewhere’s in the recess of my childhood memories I can now hear Count Dracula from Sesame Street saying, “1 week, 2 weeks, 3 weeks of declines ha ha ha!” And that’s what we’ve seen, as the consolidation period closed out its 3rd week with the S&P 500 (SPX) falling another .64%, the Dow Jones Industrial…...
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,…
