RoboStreeet – September 24, 2020 Bulls Groping For A Bottom As Rough September Plays Out History has rarely been on the side of the bullish camp in regards to market performance, and 2020 has been a genuine page out of the history books. The prevailing negative tone is rooted in some fluid factors that include […]
After snapping a multi-day losing streak on Tuesday, major U.S. indices returned gains with the S&P and Nasdaq on track for over 1% losses while the Dow trades 0.90% lower. The latest top for the SPY is set at $360 and we believe it could be retested by the end of September or early October. Fed […]
Markets continue to slump after finishing lower last week as all three major U.S. indices are on track to book losses of 1.5% or more for the day. With the latest round of U.S. fiscal stimulus stalling and global concern regarding COVID trajectory once again rising, markets sold off both in the U.S. and Europe. […]
RoboStreet – September 17, 2020 Fintech Is Best Financial Sub-Sector To Buy On Dips The current pullback in the market offers investors a buffet table of great stocks to initiate and add to positions, depending on how the investing landscape is taking shape as the third quarter comes to a close. There is a clear […]
The new top for the SPY is set at $360 and we believe it will be retested by the end of September or early October. U.S. Benchmarks slumped today, giving up most of their gains following the latest from the Federal Open Market Committee. Fed Chair Powell met with the press following the latest FOMC […]
U.S. Stocks booked impressive gains to start the week, erasing some of last week’s losses, as news of progress on a COVID-vaccine continues to support markets. With clinical trials in the U.K. resuming and the latest reported deadline “by the end of October” coming from Pfizer’s CEO Albert Bourla, all three U.S indices saw gains […]
RoboStreet – September 10, 2020 Market Enters The Wash Cycle It’s September and historically a tough month to make money in the market consistently as volatility rises amidst seasonality and a void before third-quarter earnings season tends to keep the market adrift without a rudder. This year seems no different even though the elections are […]
The new top for the SPY is set at $360 and we believe it will be retested by the end of September or early October. With the current SPY 50-day moving average at $330, our models are showing the SPY has a high probability of retesting these levels. Behind a strong tech rally, all three […]
RoboStreet – September 3, 2020 Momentum Begets Momentum Until It Doesn’t The frothiness of the past few weeks finally ran into some well-deserved profit-taking on virtually no news aside from a softer-than-expected ISM Non-Manufacturing index for August that slipped to 56.9% (consensus 56.7%) from 58.1% in July. The key takeaway from the report is that […]
Major U.S. indices closed in record territory again as the Dow, Nasdaq, and S&P continued their impressive streak, powered by a tech and retail sector rally. ADP Employment Report for August also supported markets as 428,000 private-sector jobs were added in August. Also released today, the latest Beige Book, which showed the U.S. economy modestly […]
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