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…
By: TONYA GARCIA of MarketWatch Walmart Inc., which reports fiscal third-quarter earnings on Thursday before the bell, is bringing together a variety of services and shopping experiences to create a new kind of retail experience, analysts say. Cowen analysts, writing after last month’s investment community meeting, said the retail giant is using its scale, global growth…
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…
Coming into the trading week, Finom Group outlined for subscribers its belief that a market bottom hadn’t been found as of yet and volatility would likely head higher before its inevitable decline. Monday investors found a deeply troubled equity market environment whereby the Dow was up more than 300 points at one point before turning…
If you thought you were getting off the rollercoaster ride that is the stock market on Monday, think again. The major averages witnessed significant selling pressure throughout the morning on Monday, with the Dow down roughly 250 points at its low. But all 3 major averages staged a dramatic turnaround in the afternoon with the…
Although we haven’t quite hit the earnings season stride, usually marked by the financials reporting results, investors will roll into the start of the 4th Quarter this coming week with a focus on earnings. Coming out of a surprisingly strong 3rd Quarter for equities, many fund managers are in “catch-up” mode. The hope is that…...
Good Sunday morning to all Finom Group subscribers! This week’s research reporting is delivered to subscribers with an emphasis on monthly retail sales and the general dynamics surrounding our neutral risk rating for the S&P 500 (SPX) in September. S&P 500 Expected Move & Lacking Moves of 1% As depicted in the chart above, the…...
U.S. equities finished higher Thursday, as the S&P 500 extended its winning streak to a fourth straight session and with technology stocks showing improved performance. The Dow Jones Industrial Average advanced 147.07 points, or 0.6%, to end at 26,145.99, its first close above 26,000 this month. The S&P 500 rose 15.26 points, or 0.5%, to…
Bear with us…! Asian equity markets had the first opportunity to react to headlines from the United States whereby two of President Donald Trump’s confidants and one-time employees will be sentenced for crimes. While most major Asian markets finished higher overnight and European markets are flat to slightly higher in the early hours on Wednesday,…
How long is this bull market and where did it begin? This or these questions have given investors a great deal to consider since the media is hyping the longevity of the current bull market. Most media and market analyst types are outlining that “the bull market in U.S. stocks will on Aug. 22 become…
