Stocks closed higher for a 2nd day in a row, as better than expected manufacturing and services sector data out of Europe helped to support the market. U.S. Markit manufacturing and services data also managed to beat economists’ expectation while New home sales continued to rebound since the April-May lockdown period. The S&P 500 (SPX)…
Markets were lifted higher on Monday despite some of the fears surrounding the rise in new COVID-19 cases over the course of the previous week. The S&P 500 (SPX) rose 20 points or .65% on the day, which actually lagged the small-cap Russell 2000 (RUT) and the tech-heavy Nasdaq (NDX) which both rose just over…
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 background is well known to all. On February 19, the U.S. stock market hit a new all-time high, with the S&P 500 reaching 3,386. Then investors began to price in the novel coronavirus, causing the market to make its fastest trip ever into bear territory, with the S&P 500 down 34% in five weeks…
Article originally published on Financial Times. It was hailed as a breakthrough vaccine for dengue fever, a neglected tropical disease that kills about 20,000 people each year. Dengvaxia, made by Sanofi Pasteur, was being rolled out to more than 800,000 schoolchildren in the Philippines when reports began trickling in of vaccinated children falling seriously ill,…
That was quite the trading on Monday, now wasn’t it. The daily trading activity started in much the anticipated manner as one might expect, given some of the bearishness in market momentum from the previous week that may have not been completely resolved. On Monday the S&P 500 (SPX) opened lower by roughly 2.5% before…
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,…
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…
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…
