All three major U.S. indices are on the move up today with early morning support from strong pre-market earnings and an afternoon boost from the first Fed Policy update of 2019. Interest rates were unmoved by the FOMC while pre-market earnings of Boeing and Alibaba beat expectations to help shares of each respective company, and subsequently […]
Markets are on the move down today with all three major indices lowering in early morning trading. This comes ahead of tomorrow’s two day Federal Open Market Committee meeting and following the temporary deal to reopen the government for three weeks, which was announced Friday. Earnings continue with Caterpillar and Nvidia reporting before open and […]
Following one of the strongest rebounds this century, we are keeping our strategy in place: avoid chasing rallies, buy when market sells off. The market was able to rebound from December lows but could revert to $254-$257 level for SPY in the next 2-3 weeks. Still, we do not see the market retesting the historic […]
RoboStreet – January 24, 2019 Pot Sector Unveils Another Potential Big Winner The market action this week has been net bullish for the most part as earnings season continues to unfold and deliver some pleasant surprises that have investors feeling better about the prospects for the economy going forward. Solid earnings from Dow components Goldman […]
Market has had one of the strongest rebounds going back 40 years during the first quarter of 2019, bouncing back from the historic lows of last December. Our strategy remains buying when the market sells off and not chasing the rallies. At this point, the market is overbought, based off most technical indicators, and we […]
U.S. Stocks opened lower today, feeling pressure from underperforming bank earnings and continued global and domestic tension, before turning positive for modest gains in the afternoon. Morgan Stanley joins Citi and Chase as part of the major banks reporting this week below expectations while trade tension with China grows as Federal prosecutors open a criminal […]
RoboStreet – January 17, 2019 More Smoke and Fire from the Pot Sector As the stock market in its fourth week of recovery, there is a lot of talk of all the overhead technical resistance that has to be cleared out in order for the primary uptrend to be re-established. For the most part this […]
Major U.S. indices are on track to record their second straight day of gains after two losing sessions amid growing global trade concern and the partial U.S. government shutdown, going on its 26th day. Strong earnings for Goldman Sachs and Bank of America are helping support the market today after a tepid start to reporting […]
Markets opened lower today and continued to lower in the afternoon amid growing global concerns, lack of progress regarding the U.S. government shutdown, and tepid anticipation of earnings and data reports. Fourth quarter reporting usually supports the market this time of year but having a turbulent end to 2018 corporate America looks to be prepping […]
RoboStreet – January 10, 2019 A Better Market Tone All Around Since the stock market bottomed out on Christmas Eve, the S&P has rebounded about 10% in an impressive snap back rally. The SPDR S&P 500 ETF (SPY) broke above its first level of technical resistance at $254 and has followed through to the upside […]
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