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 2020, markets continue there seemingly endless melt-up. We all know that when valuations stretch too far beyond their historic average, unkind things tend to take place in the market. Currently, sentiment and market breadth register at…
The first 5 trading days of the year are now in the book. CNBC wrote an article about it, to set the stage for what investors might expect given the first 5 days of the year trading statistics. According to the Stock Trader’s Almanac, when the first 5 trading days show a gain, the S&P…
While it wasn’t “bombs over Baghdad“, there was certainly an Iranian retaliation against the U.S. and its installments in Iraq Tuesday evening. Iran launched more than a dozen ballistic missiles against multiple bases housing U.S. troops in Iraq, Pentagon officials said on Tuesday. It was reported by CNN that no U.S. service members were hurt…
After beginning the trading session on the lows Monday and for the first full trading week of the New Year, the major averages rallied throughout the day and to finish at the highs of the trading session. One thing was made very clear during Monday’s turnaround, FAANG delivered the biggest support for the market, ultimately…
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 2020, we are already confronted with a new geopolitical event as the U.S./Iran tension have risen to levels of minor military conflict and found with markets retreating a day after hitting record levels once again. Market…
If only every year was like 2019 for the S&P 500 (SPX). For the year, the benchmark index failed to achieve a 30% gain, but most investors are rather satisfied with the 28.88% return and looking forward to the New Year. A quick look back on the last decade (2010s) shows that the market had…
Sometimes, a market in retreat is a good thing, warranted and even desired. I would suggest that all these descriptive terms characterize present market conditions based on several factors, but more prominently overbought breadth indicators also recognized as market internals. From the S&P 500’s daily Relative Strength Index (RSI) tipping above 80 to the number…
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. We are in the midst of a full-blown, melt-up, Santa Claus rally into year-end and now within 19 S&P 500 points of achieving a 30% gain in 2019. We discuss the probabilities of a market pullback near-term,…
Once again and with the defined Santa Claus rally in full effect, the major averages finished higher on Monday. The Dow Jones Industrial Average (DJIA) led the way with a gain of nearly 100 points or up .34 percent. The S&P 500 (SPX) was up nearly 3 points with another record close and the Nasdaq…
The following is an excerpt from our December 15, 2019 Research Report: “With market breadth/internals still found with strength and now the most impactful binary event having been tranquilized, so to speak, a melt-up into year-end is the most probable outcome. To be clear, this is the most probable outcome, but it is by no…
