Wayne Nelson offers his daily-market recap. Insights on the daily market technical moves inclusive of analytical reference points. Additionally, Wayne offers some of the fundamental and geopolitical variables weighing on investor sentiment. What is the next leg the market will take remains dependent on geo politics, earnings and sentiment consideration. Bank earnings have been mixed…
The two biggest stories from Tuesday’s market trading came from the late afternoon Brexit vote, which failed to pass, and Netflix (NFLIX) choosing to raise prices. The bill was rejected by 432 votes to 202. The 230-vote defeat is thought to be the largest in U.K. political history. Following a controversial amendment, the U.K. government…
After two consecutive days of losses for the major indices, first back-to-back loss of the New Year, equity futures are looking flat on Tuesday. The losses for the U.S. equities have been minor compared to that of the Q4 2018 period and with volatility somewhat tempered. More importantly, the losses come as earnings season has…
There’s nothing I dislike more than a 1,000+ (DOW)-point rally, coming after a nearly 5,000-point decline. Don’t get me wrong, it’s better than the continuation of the decline, but it only serves to validate the characterization of a bear market. In other words, that type of market move is indicative of a bear market. As…
Since the FOMC’s September meeting and when it stated that it was “a long ways away from the neutral rate”, the market has been in a state of turmoil. The S&P 500 has fallen by some 12%+ since that time, taking out the February lows. Market volatility has remained elevated over this period of time.…
If you didn’t tune into the markets, CNBC or Bloomberg yesterday, you likely missed the Jeffrey Gundlach show. He many several comments about the equity markets, while patting himself on the back for his Facebook (FB) short. Additionally and as he always does, for better or worse, he made some innocuous calls on the market.…
For equity market bulls, the following chart is nowhere near that which you would like to have found the markets finishing the week. Finom Group has been stating for some time now, that the mechanical/technical/quant/algorithmic correction has taken hold of the marketplace. It continuously seeks out and finds most every important S&P 500 (SPX) level…
It’s not often that the market allows you to hedge before a significant daily move, but that’s exactly what happened on Monday with the market opening flat to higher and before reversing course. In Finom Group’s weekly research report, we mentioned our desire to hedge against a probable move lower for the current reason, mainly…
Hedging your long portfolio may be the best way to position oneself as global equities find more selling pressure following the steep declines on Wall Street from Tuesday. U.S. equity futures are pointing to another sharp decline as headlines broke overnight concerning the arrest of Huawie’s CFO. Canada has arrested Huawei’s global chief financial officer in…
