The second largest single-day selloff this summer has the Dow down 300 points, with both the Nasdaq and S&P also significantly down. Key support level for traders sits at 280, major indices closed higher yesterday signaling continued volatility from Turkey’s currency crisis. Also hurting major U.S. indices today is the usually market-supporting tech sector, with […]

After flirting with all-time lows for most of the summer, the Turkish currency, lira, hit historic lows on Friday, and trader even lower today, which propelled the dollar and other haven currencies and commodities higher. Similarly trending downward is the Russian ruble, which has hit two-year lows amid new U.S. sanctions. Though neither nation does […]

RoboStreet – August 9, 2018 Protecting and Hedging an Overbought Market It was only ten trading sessions ago the Nasdaq tanked 300 points in 48 hours when it was thought that the FAANG stocks had hit a wall after two members’, Netflix and Facebook, shares were slammed after failing to live up to Wall Street’s […]

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 […]