During the holiday shortened trading week, the excitement was already anticipated and proclaimed by the bulls with strong market breadth in the prior week. As such, when the markets opened for trading on Tuesday morning they took to the upside and didn’t look back. The S&P 500 (SPX) leaped over its 200-DMA on Tuesday and…...
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, but advance to the forefront what investors should be considering over the next 30-day period. Thematically and historically, a pullback is increasingly probable. How much of a…...
Almost to the penny, and then the intraday reversal sparked by yet another late-day headline of seemingly consequence. Something not quite right with that sentence structure, but you get what I’m trying to say right? The S&P 500 officially began a new bull market on Tuesday, despite failing to close above its 200-DMA. In crossing…
Welcome to another trading week!! In appreciation to 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,…
Another choppy, headline-driven trading week. Fortunately the choppiness resolved itself to the upside and further erased the previous week’s losses. In the prior week, the S&P 500 (SPX) lost 2.26%, threatening to end the bullish relief rally that is now one of the greatest bear market relief rallies in history. The S&P 500 finished up…...
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 take a look at a market that has a new relief rally high that presses upon considering we may have commenced a new bull market. As the economy reopens slowly, the economic…...
Going into Tuesday’s trading session, the S&P 500 had some momentum to continue its run at the 2,998 level, representing the benchmark indexes 200-DMA. Achieving this level with some 85% of stocks trading above their 50-DMA would likely herald a new bull market and certify the bottom of the bear market was made on March…
Global equity markets soared on Monday as headlines surrounding Moderna’s phase-1 trial results for a COVID-19 vaccine proved promising. J.P. Morgan’s Biotech analysts offered there reaction and analysis to clients in a note on Monday as follows: Quick Takes from the Conference Call: The neutralizing titers seen from the Phase 1 results were consistent with…
Welcome to another trading week. In appreciation to 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…
After a 1-point move in the S&P 500 (SPX) Monday, things got a bit more interesting through the remainder of the trading week! The index is down 11.36% YTD and is 15.43% below its record close. For the week that was, the S&P 500 finished lower by 2.26%, while managing to stave off 3 consecutive…...
