The S&P 500 finished lower for 5 consecutive days and after achieving resistance around the 2,800 level. This is the 6th, 5-day losing streak for the S&P 500 since the US election in Nov ’16.This is also the first one that didn’t have a single 1% drop on any of the 5 days during the…
Welcome to this week’s edition of State of the Markets with Seth and Wayne. Please click the link to review the video where we discuss all facets of the daily and weekly market action, assessing the various macro and micro market elements. Below is the outline for easy browsing and navigation. In addition to our…
It was a tumultuous day in the market Monday, even as the framework for a U.S./China trade deal appears to be coming together. Negotiations are in the “final stages” as the two sides plan a summit for the end of March at Mar-a-Lago, President Donald Trump’s Florida resort, sources told CNBC. If a deal is…
Leading up to the Friday trading session, the markets appeared to be expressing exhaustion and have been with overbought conditions for the better part of the last 10 trading sessions. Nonetheless, the YTD rally carried forward on Friday. (Table from Bespoke Investment Group) From Monday through Thursday, the S&P 500 (SPX) and its peer indices…
Heading into the weekend the markets have awakened in the early Friday hours and ahead of the opening bell on Wall Street. Asian Markets traded sharply higher overnight and the activity has carried forward into the European markets. After 4 straight sessions whereby the U.S. major indices trading lower and near their lows into the…
For 3 straight trading sessions, the major averages have sold lower into the closing bell. This is in contrast to the 9-week rally prior to the final week of February. One thing to keep in mind with respect to the 9-week rally and even the December 2018 market swoon is the concept of market liquidity,…
Try as it may, the S&P 500 is finding it difficult to stay above that critical 2,800 level. In Tuesday’s trading session, the benchmark index made another run above 2,800 intraday, but much like Tuesday it sold off into the closing bell. Chairman Jerome Powell will continue with his testimony before Congress today and after…
It was a huge day of VIX trading on Monday with VIX options and futures volume soaring. The bottom line is that hedging programs were deployed on scale given the relative low level/inexpensive hedges that could be afforded and with the S&P 500 achieving the 2,800 level intraday. Most of the hedging activity and upside…
Welcome to Finom Group’s technical market recap! In this weekend’s release, we run through Friday’s market activity with great commentary and analysis from our very own Wayne Nelson. Please click on the link to review the video, which is 38 minutes in duration. If you are new to finomgroup.com, please feel free to subscribe…
Welcome to this weekly edition of State of the Market. The major averages succumb to modest selling pressure today, even with headlines and media coverage surrounding U.S./China that support a deal forthcoming. Please click the following link to review the SOTM video, which is roughly 1 hour in duration. Additionally, Wayne Nelson delivers our daily,…
