RoboStreet – May 26, 2022 Stocks Rise Amid Better Outlook For Consumer Spending The major indexes have enjoyed a week of rebounding stock prices following a parade of better-than-expected and less-than-feared earnings reports that crossed the tape in the past two sessions. Upbeat quarterly reports from Macy’s Inc. (M), Nordstrom Inc. (JWN), and William-Sonoma Inc. […]
Looking at the current market conditions and how to prepare for the next market move, we are watching the $VIX which is trading near the 30 level. The $BABA, $NVDA, and $MRVL earnings this week can influence the next move in the market. We are also watching the overhead resistance levels in the SPY, which […]
After closing lower on Friday to extend weekly losing streaks, the broad market finished higher on Monday as investors sought safety amid a volatile week. After a disappointing week, the Dow Jones finished up 1.98 percent, recovering nicely after having its eighth consecutive losing week last Friday. This week Nvidia, Alibaba, and several retailers are […]
RoboStreet – May 19, 2022 Full Retest For The Market Under Way This week revealed some risks that held some suspicion but became reality when a couple of big retailers reported their quarterly results. Shares of Walmart Inc. (WMT) and Target Corp. (TGT) tanked after both companies cited excessive shipping costs and higher wholesale prices […]
Markets impressively bounced back on Tuesday with all three major U.S indices closing in the green. April retail sales data provided support as the report showed a healthy economic standing, as the report produced a 0.9% increase in April and a 1.4% increase in the March revision. Inflation remains prominent in investor and economic sentiment, […]
RoboStreet – May 12, 2022 Persistent Inflation Pressuring Stocks Lower As much as investors would like to read that inflation has peaked, they may have to wait a couple more months to get that confirmation. The latest CPI and PPI reports came in as forecast, with only incremental progress in a couple of key components. […]
U.S. stocks continued to trade lower on Wednesday, extending the slump as the Dow books its fifth straight losing session. The Nasdaq and S&P snapped losing streaks on Tuesday with minor gains but returned to trade lower on Wednesday. Inflation and the latest economic reports continue to inform market direction as investor focus turns from […]
Major U.S. indices continued trading drastically lower to open the week today, dropping below key record and support levels. The Dow Jones Industrial Average lost 1.99%, the S&P 500 dropped 3.20%, and the Nasdaq down 4.22% as U.S. equities closed lower on Monday due to inflation worries continuing to plague the market. Along with U.S. […]
RoboStreet – May 5, 2022 Investors Still Selling Into Strength The post FOMC meeting rally Wednesday that scored the biggest gains of the year fizzled out Thursday as bond yields traded above 3.05%, the highest level seen since November 2018. It is a real disappointment for the bulls to see such a strong effort to […]
U.S. equities enjoyed a strong day on Wednesday as the Dow rose 900 points, following the conclusion of the Federal Open Market Committee meeting. Marking its best day since 2020, the Dow jumped 2.81% while the S&P rose 2.99% and the Nasdaq up 3.2%. Markets responded positively to the latest FOMC decision which was to […]
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