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…
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,…
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,…
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…
