RoboStreet – September 23, 2021 Swift Correction May Be Over It’s still early, but the rolling correction of the past three weeks may have culminated with this Monday’s steep selloff that saw the SPY trade down to $428. The subsequent rally into the FOMC meeting reassured investors that the bull market is resilient, even when […]
Following today’s Fed decision, all three major U.S. indices traded impressively higher. Earlier this week the volatility index (VIX) moved higher nearing the $20 level but has since lowered to $20. Fear regarding global economic impact following China’s Evergrande fallout caused some early week volatility as we continue monitoring the issue. We recommend watching the […]
As we approach the Fed decision on Wednesday, the volatility index (VIX) moved higher nearing the $25 level. We recommend watching the critical support levels on the SPY at $434 and $420 as we still expect some short-term correction to continue this week and potentially next week as well. ABDE, LEN, and FDX headline earnings […]
RoboStreet – September 16, 2021 Rolling Correction In Motion The month of September has lived up to its reputation of being a difficult time for bullish momentum in stocks. In fact, quite the opposite has occurred as a slow deterioration of the advance/decline line has characterized a market struggling to maintain its upward bias. Talk […]
After a mixed start to open the week, major U.S. indices impressively traded higher with the S&P leading at 0.85% gains. Positive economic data and the latest on President Biden’s $3.5 trillion budget are key market impactors today while additional economic clarity will arrive next week during the Federal Reserve Open Market Committee meeting. Although […]
To start the week, U.S. markets traded to mixed results with the Nasdaq snapping a multi-day streak as it closed in the red while the Dow Jones and S&P booked modest gains. The volatility index (VIX) is at the $20 level and we recommend watching the critical support levels on the SPY at $445 and […]
RoboStreet – September 9, 2021 Rates and Yields Looking Up September is already turning out to be the month of the market conundrum where inflationary pressures are colliding with the dampening effects of the Delta variant and global supply chain bottlenecks that are crimping growth prospects for multitudes of industries. Raw materials and most commodity […]
For the third straight session, U.S. markets unanimously closed in the red on Wednesday. All three major U.S. indices traded lower in the shortened trade week as strong economic reports are not able to support markets at the moment. Concern regarding the Federal Reserve easing monetary programs and the inflation/Treasury implications are weighing markets as […]
RoboStreet – September 2, 2021 Key Jobs Data And The Fed There are numerous bullish and bearish market catalysts that can fuel further upside or trigger a sharp and well-overdue correction that has a lot of sideline money waiting in the wings to buy the proverbial dip when it finally comes. Big cap tech continues […]
Markets traded to mixed results with the S&P and Nasdaq closing in the green while the Dow finished in the red. With these gains, U.S. benchmarks extended further into record territory as attention turns towards the job sector this week. ADP employment data underwhelmed, with 374,000 jobs added as opposed to the 600,000 estimated, but […]
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