Wall Street is in the midst of shedding some of its overbought conditions that have persisted in the prior two weeks. The major averages have been lower for the totality of the trading week leading up to Thursday. Small Cap stocks expressed the largest decline on Wednesday and post the release of the ADP private…
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…
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,…
Despite it being a QT day of significance and without the benefits of U.S. Treasury issuance offsets, the major averages still rallied and after the FOMC minutes were released. The minutes proved innocuous by and large, inline with what most economists, strategists and analysts had previously assumed. The assumption was that there would be some…
There’s so much to discuss as it pertains to the current S&P 500 (SPX) rally and the Alphabet. No, not just Alphabet’s (GOOGL) earnings, but 3 letters of the Alphabet that serve as signal posts for the S&P 500: E-F-G baby!! E-arnings F-ederal Open Market Committee G-lobal Trade EFG will be the acronym of 2019…
In our weekend edition of Daily Technical Market Recap, Wayne discusses Friday’s market moves as well as what we might expect in the near-term from the various indexes and specific stocks. Another big earnings week is upon us with 100+ companies set to report. Please click the link to watch the video and enjoy the…
As we look to round out the trading week with U.S. equity futures seemingly brushing off failed votes to reopen the U.S. government and a mixed bag thus far through earnings season, investors will have ample time to study the technicals of the market throughout the weekend. And with that in mind it shouldn’t be…
As the market looks to open sharply lower and on the heels of China’s slowing GDP data released on Sunday night, Finom Group continues to scan the volatility complex and other sectors for daily/weekly trading opportunities. Before we discuss our trading and trade alerts, let’s look at what China announced. China on Monday announced that its…
Welcome to the State of the Market video presentation with Wayne and Seth. Please click on the link to review the video. The video discussion on the markets and market volatility is 65 minutes. Outline: Market volatility, VIX Futures expiration, shorting volatility, backwardation (opening dialogue) 5% contango rule (5 minutes in) Realized market volatility vs.…
