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…
For the second straight opening-trading day of the week, the major averages fell sharply. And why did equities fall, with the Dow Jones Industrial Average (DJIA) falling more than 400 points at its low point of the day? Earnings, earnings and revenues! But here’s something interesting that also happened on Monday and akin to the…
Wall Street was in a rather somber move on Tuesday and coming off of a 3-day weekend. The major averages all fell greater than 1% on the day, led by a near 2% drudging by the tech-heavy Nasdaq (NDQ). What was a little scary from an intraday risk assessment basis was the realization of the…
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.…
Heading into Thursday’s market open on Wall Street we’ve got some good news and some bad news. Firstly, the bad news: U.S. equity futures are down across the board by roughly .5% in the 5:00 a.m. EST hour. Crude oil popped above $52 a barrel on Wednesday, but supply/output was higher than expected and the…
