It has already proven a rather choppy start to the trading week, with the S&P 500 (SPX) rallying on Monday and the Nasdaq (NDX) bouncing sharply. On Tuesday, however, all major averages gave up ground as investors grappled with commentary from legislators. Heading into the Wednesday trading session, investors/traders will likely be watching Congressional testimony…
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,…
Big week for the S&P 500 (SPX), depending on which side of the fence you’re leaning of course! The path of least resistance, advancing higher, proved the path taken through mid-week and until all was lost. There was something to be gained from the weekly trading range whether you were bullish or bearish. That has…...
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 somewhat overlooked reasons as to why investors are always found buying dips, even when valuations appear stretched. Additionally, we take a deeper look into the VIX futures term structure to uncover further…...
After a 20+ point gain and new bear-to-bull market high for the S&P 500 on Monday, the benchmark index tacked on another 5 points Tuesday. During the 2-day rally it didn’t prove all unicorns and rainbows. On Monday, the biggest issue most investors highlighted was that the rally came with poor market breadth. On Tuesday,…
The J.P. Morgan View Growth versus virus now, vaccine versus virus later —an update on a conflict and a hope Cross-asset strategy: The dominant macro narrative of the past several weeks hasn’t changed much, and neither has the pattern of uneven advances across and within global markets. The reality of a booming economy versus the…...
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 S&P 500 (SPX) flip flopped this week, but spent the last few days hovering around a 40-point range. The index closed Friday down just 0.19% YTD and is 4.77% below its record close set just 5 months ago. The benchmark index was up 1.25% for the week, while achieving a new bear-to-new bull market…...
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 Nasdaq’s recent outperformance and general trend with overbought conditions and forward looking probabilities. On the horizon, risks to the market remain centered on fiscal policy needs to sustain the economic recovery. Much…...
On Monday, and with the mega-tech FAANMG stocks coming under significant pressure, the equity markets performed a major reversal intraday. The S&P 500 achieved a new, post-bear market and new bull market high of 3,235 Monday. This was the first new high for the benchmark index since June 8th and a prior to a 5-week…
