I had a conversation with a client in the late evenings recently. Yes, in the late evening and as the selling pressure in the markets persisted last week. The conversation centered on the client’s e-mini Futures positions and the general sentiment for the market going forward. He was a bit confused as to the correlations…
Everything bounced on Monday on… well there really wasn’t any significant news for which the market could reactively bounce. Sure the UK and EU agreeing on a Brexit format/plan was a positive, but it’s highly unlikely that would cause a greater than 1.5% move higher in the S&P 500 (SPX). No, we simply found some…
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…
If you thought Monday was ugly for global equities, it didn’t get any better on Tuesday. U.S. equity indexes fell sharply, again, on Tuesday with the Dow Jones Industrial Average (DJIA) leading the way lower by 2.2 percent. The Dow was down more than 630 points intraday at its lows. The Nasdaq (NDX) fell 1.7%…
The market is definitively testing the resolve of long-term investors and has been since October you might say. Earnings are rising over 20% for 2018, sales are growing nearly double-digits and profit margins are at all time highs. But…the major averages are on the verge of turning negative for the year and with the Nasdaq…
Another roller coaster week in the markets has passed and with it dragging the major averages lower for the week. For the week, the Dow (DJIA) fell 2.2%, the S&P 500 (SPX) dropped 1.6%, while the Nasdaq (NDX) declined 2.2 percent. As depicted in the chart above, the S&P 500, along with its peer indices,…...
Right now, it just doesn’t matter how good the earnings are, as the bears have their paws on the sell button and the bulls are overly concerned with prospects for the economy in 2019. With that as the backdrop for the market, corporate earnings that find companies beating analyst estimates and raising guidance have still…
Although equity futures rose sharply on Wednesday morning and CPI data proved innocuous, those gains were quickly erased once Wall Street opened to greater volumes. We’ll get to the CPI data in a moment, but knowing those gains were quickly going to be erased didn’t demand a crystal ball, and we’ll show you why! The…
Entering the trading week we were forced to understand there would be an additional selling force in the market. We disseminated information over the weekend through our weekly research report that identified the culprit that would plague the market this week. “Finom Group urges investors to remain cautious as the current trading week may find…
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…
