Just one week ago, the S&P 500 finished higher for the week by 4.9%, which seems a lifetime ago and after a tremendous decline on Thursday of this past trading week. On Thursday, the S&P 500 fell (SPX) almost 6% and found a 3rd straight day of selling pressure. This proved the first 3-day losing…...
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 are recording after the worst 1-day decline since the March/April bear market. Our outlook for the market consisted of an expected consolidation period given overbought and overheated market conditions. The S&P 500 has exacted…...
Burgeoning ‘green shoots’ bring hope for an economic recovery The last time I used the term “green shoots” was the late spring and summer of 2009. Like everybody else, I was looking for signs of economic life after the global financial crisis and searching for indications that the US and other developed countries were rising…...
After another strong rally on Wall Street Monday, equity markets are in retreat early Tuesday morning and expressing the early signs of consolidating gains. This is something we’ve heralded for a couple of weeks now as a strong probability, but in no way exonerates the new bull market that has been created over the course…
The J.P. Morgan View Booming markets, disturbing protests and a collapsing dollar Cross-asset strategy: Risky markets are booming and the dollar collapsing as the global economy bottoms, high-frequency data releases beat expectations and fiscal/monetary policy ease further. Some are overshooting if the medium-term recovery proves as anemic as the post-GFC years, but that malaise will…...
This weekend is an off-reporting weekend, but we encourage our members to maintain a fluid understanding of the week-to-week market actions. With that being said we offer some light readings and charts to consider as we head into the coming trading week. It’s been a remarkable year in many ways, some more somber than others…...
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 confirm a new bull market, and identifies a newly fired breadth thrust and market internals that should breed confidence in your tactical approach to markets going forward. The S&P 500 and individual sectors…...
As daily protests/marches/demonstrations continue, the equity markets also continue to trend higher. On Tuesday, the S&P 500 (SPX) added to it’s record setting bounce off of the March 23r lows by tacking on another 25 points. A quick look at the 1-day chart of the benchmark index below identifies a massive surge in volume and…
Over the last couple of weeks, we’ve been able to compile and discern all the characteristics of a bear market that was on a path to reinstalling a bull market. The key variables identifying such a probable outcome for the market were based on market leadership, structure, breadth and moving averages. As of the close…
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,…
