For the next 2-3 weeks, we expect markets to trade in the range of $285-$315 for the SPY. U.S. stocks lowered yesterday following the emergency rate-cut issued by the Federal Reserve but are trading impressively higher today with all three major U.S. indices on track for sizable gains. The half-a-percentage point rate cut, coupled with […]
After one of the worst weeks for the market in recent history, markets are rebounding with the Dow, Nasdaq, and S&P on track to close in the green today. Last week, all three major U.S. indices recorded drops of over 10% as the COVID-19 virus spread throughout Asia and Europe with a rapidly increasing death […]
RoboStreet – February 27, 2020 Feels Like Capitulation Selling Taking Over Yesterday’s trading session had the look and feel of investors throwing in the towel on even the best of breed stocks to raise cash out of genuine fear. Sell programs triggered by negative headlines and forced-selling of stocks by index funds and mutual funds […]
Markets were holding on to modest gains this afternoon after two straight sessions of lowering caused by continued and growing Coronavirus fears. As the virus spreads into Europe and additional parts of Asia, global pandemic concerns continue to mount as containment and vaccine efforts are yet to make progress. With a growing death toll, COVID-19 cases […]
With the current selloff, we expect the markets to trade in the range of $320-$335 for the next 2-3 weeks. The top is currently set at $340 and we encourage readers to consider going long near $320, short near $335. All thee major indices are trading significantly lower today and the Dow is set for […]
RoboStreet – February 20, 2020 Stocks Levitating to New Highs as Virus Fears Subside While the spread of Coronavirus still very much a threat, the pace of newly reported cases is falling by the day and investors are sensing the worst for this outbreak has already occurred. Assuming this is a reliable scenario, it would […]
One day after the release of last month’s FOMC minutes pushed major U.S. indices to close near all-time highs, markets are seeing pressure from growing global Coronavirus concerns, causing shares to lower. Reported infections in South Korea, Iran, and Japan are causing added pressure to global markets as containment efforts and production slowdowns continue. Viacom […]
All three major U.S. indices closed in the green today after seeing mixed results on Tuesday. Growing Coronvirus concerns continue to pressure global markets, with over 2,000 confirmed deaths, while U.S. markets are seeing support from strong economic reports and the tail end of earnings season. Today, minutes from last month’s FOMC will be released […]
RoboStreet – February 13, 2020 Broad Momentum Lifts Stocks To New Highs The stock market remains very resilient to negative news and posted a series of new highs this week before pausing yesterday on news of an elevated number of coronavirus cases in China. In light of the news that took the Dow down by […]
After all three major U.S. indices reported record finishes yesterday, markets faced early morning pressure today behind growing global concerns regarding the latest Cornavirus developments. With the current death toll over 1,300, confirmed cases increased significantly after China implanted a new diagnostic system and added an additional 15,000 cases yesterday, increasing the total number of […]
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