As earnings season nears an end the market remains overbought in my opinion. Investors and traders should look to hedge while the market awaits its next economic stimuli to take it above its 52 week high. Tech and financial sectors continue to lead the way as the S&P looks for its fifth straight day of […]

U.S. assets were under early morning pressure from further tension building between China and the U.S., with more tariffs looking more likely with each day, however, assets have since rebounded to edge higher behind strong energy and financial sectors. The market is overbought, consider hedging. With earnings season is winding down investors and traders alike […]

RoboStreet – August 2, 2018 Tech Wreck Short Lived as Apple Reaches $1 Trillion Valuation It was only a week ago that the Nasdaq set a new all-time high of 7,933 fueled by high earnings expectations for FAANG stocks and other leading high-profile tech companies. As it would be, a few big disappointments from the […]

After some early-week struggles that saw Facebook, Netflix, Twitter and others down, most U.S. tech stocks are on the rebound today. Nasdaq touched 50-day moving average and is trading above the key support at the 50-day MA. Strong Apple iPhone sales helped the company report its highest-ever revenue for the second-quarter in earnings released yesterday, […]

U.S. assets are trading lower today, pushing a third straight day of losses for the S&P, amidst a widespread tech selloff. Key support level for SPX looks to be $2800. This week will feature a heavy load of economic data, along with another major week in earnings, and the Federal Open Market Committee will hold […]

RoboStreet – July, 26, 2018 Earnings Seasons Turns into Emotional Roller Coaster Leading up to second-quarter earnings season, the stock market has been pulled and pushed by a slew of fluid variables ranging from currency fluctuations, tit-for-tat tariffs, gyrating oil prices, tightening Fed policy, foreign summits and upper-case Tweets. As if investors needed any more […]

Halfway through one of the busiest earnings week, most companies have beat top and bottom line expectations. By the end of the week 50% of SPX companies will report and offer good opportunities for investors to enter positions. It is my belief that the market is overbought and, as always, the path of least resistance […]

U.S. indices are split today and look to make marginal movement for the day amidst reignited geopolitical concerns. Both S&P and Nasdaq are holding slight gains while the Dow is down about 0.05%. The key support level for the SPX is 2800 which is similarly reflected in the SPY seasonal chart below. Bulls will look […]

RoboStreet – July 19, 2018 Market Volatility Will Rise as Earnings and Trade War Intensifies Apparently, China’s President Xi Jinping has no interest in talking fair trade with the U.S. anytime soon. As per the latest reports on the tit-for-tat tariff dispute, U.S. and China trade officials have taken a pause on further negotiations, having […]

U.S. assets look strong today with the Dow Jones heading for its fifth straight day of gains and the S&P modestly up. Strong economic reports and promising earnings data continue to support markets even with consistent trade war concerns and the occasional dud in economic data. Housing Starts for June were reported down 12.3% but […]