Technical Market Recap 1/24/19: With Wayne Nelson
Good morning to all. Please review our Technical Market Recap offered by Finom Group’s Wayne Nelson. Simply click the link to play the video with duration of 30 minutes.
Geopolitical Tensions On the Rise: S&P 500 Within Zone of Resistance
The U.S. economy is like a ship trying to navigate its way through difficult waters, JP Morgan Chase (JPM) chief Jamie Dimon said Wednesday. I would tend to agree with Jamie if not for the prolonged government shutdown, which hits its 34th day of being closed and with seemingly no end in sight. And this is not to say…
S&P Financials Hold As Tech Resolves Quarterly Reports
That was something for all the market pundits and critics to behold last week was it not? The mantra surrounding the disbelief in the market rally that started in late April has been FANG, FANG, FANG. What we actually saw during the 5-day reporting cycle for FANG, however, was a market that held up rather…...
4th Rate Hike Coming? Tech Titan Earnings Week Ahead!
The prior week for equity investors and the major averages was shaping up to be a strong week, that is, until the markets hit a wall. The latter trading days, Thursday and Friday, found a lack of buyers and more selling pressure, which ultimately drove the S&P 500 below its 50-DMA once again and in…
A Flattening Yield Curve, Tech Earnings and GDP Await Investors
The prior week for equity investors and the major averages was shaping up to be a strong week that is until the markets hit a wall. The latter trading days, Thursday and Friday, found a lack of buyers and more selling pressure, which ultimately drove the S&P 500 below its 50-DMA once again. The following…...
President Trump & GDP Take Center Stage At Davos
The U.S. Dollar has made headlines all week and came under pressure earlier in the week after Steve Mnuchin indicated a weak dollar was ideal for the U.S. economy. Shortly thereafter, President Trump noted that those comments were taken out of context and that he appreciated a strengthening USD. The USD briefly rebounded on President…
