Sevens Report’s Tom Essaye also sees technical indicators flashing red
Sevens Report’s Tom Essaye also sees technical indicators flashing red. The Relative Strength Index, or RSI, a momentum indicator used to identify overbought or oversold conditions…
Tom Essaye, president of Sevens Report Research, quoted in BNN Bloomberg
Unless earnings are a major disappointment, I think the Fed will be a bigger influence over markets between now and year-end simply because earnings have been pretty consistent, said Tom Essaye, founder and president of Sevens Report Research.
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Year-end positioning and lackluster trading volumes
/in Investing, Reports/by Customer ServiceSevens Report President Tom Essaye believes year-end positioning and lackluster trading volumes—issues that will ease after New Year’s—are the real culprits behind the declines.