Thursday may have proved to be a signal to investors or at least traders that the selling pressure will continue to persist as global economic and political uncertainty also persists. The two have gone hand-and-hand since October. We can suggest the Fed’s “autopilot” commentary sparked the market correction, but other factors have been looming over…
Welcome back to the markets and what promises to be a very light trading day. U.S. equity futures are pointing to another negative open on Wall Street after the Thanksgiving Day holiday. Wednesday proved to be another bearish day even with the Dow Jones Industrial Average (DJIA) and Nasdaq (NDX) finishing basically flat and the…
In our most recent research report (subscription required), we disseminated the weekly expected move for the S&P 500 starting the week of 11/12/18. As shown in the screenshot below, the weekly expected move is $50… and we got every bit of that weekly move in the very first trading day of the week. The major…
We expect a good deal of market anxiety to persist throughout the trading day as the media surveys, polls and analytics suggests this or that may come to pass in today’s U.S. midterm elections. As we mentioned in our latest research report, the elevated VIX (20.27 as of Tuesday morning) and front month VIX futures…
October has been a brutal month for the stock market, but if Wednesday (Halloween) mirrors the positive action from Tuesday’s trading, it could erase some of the significant damage done to investor sentiment. On Tuesday, the Dow (DJIA) rose 431.72 points, or 1.8%, to 24,874.64; the S&P 500 (SPX) index gained 41.38 points, or 1.6%, to 2,682.63;…
Coming into the trading week, Finom Group outlined for subscribers its belief that a market bottom hadn’t been found as of yet and volatility would likely head higher before its inevitable decline. Monday investors found a deeply troubled equity market environment whereby the Dow was up more than 300 points at one point before turning…
February was a difficult time for investors, having to grin and bear the first market correction in roughly 2 years. Some investors in the market threw in the towel so to speak, others staid the course and were rewarded for their longer-term vision. And so here we are once again on the cusp of another…
The first week of September 2018 will likely leave much to be desired as it’s shaping up to be a rocky week for equities. The S&P 500 finished lower for a 3rd straight day on Thursday and is looking for a bit of a relief rally after rising to as much as 2,916 just a…
While the Dow Jones Industrial Average finished in positive territory Wednesday, if only slightly, both the S&P 500 and Nasdaq fell as tech leaders made the rounds in Washington. The Nasdaq dropped 1.2%, its worst day since Aug. 15th as Facebook, Amazon, Netflix and Alphabet all dropped. Shares of Microsoft and Twitter also fell to drag…
Wall Street rallied sharply on Monday, with both the S&P 500 and the Nasdaq closing at records for a second straight session and the Dow Jones Industrial Average exiting its longest stint in correction territory since 1961. Before Monday, the benchmark index had failed to trade 10% above the closing low of 23,533.20 hit on March 23, but could…
