RoboStreet – September 2, 2021 Key Jobs Data And The Fed  There are numerous bullish and bearish market catalysts that can fuel further upside or trigger a sharp and well-overdue correction that has a lot of sideline money waiting in the wings to buy the proverbial dip when it finally comes. Big cap tech continues […]

Markets traded to mixed results with the S&P and Nasdaq closing in the green while the Dow finished in the red. With these gains, U.S. benchmarks extended further into record territory as attention turns towards the job sector this week. ADP employment data underwhelmed, with 374,000 jobs added as opposed to the 600,000 estimated, but […]

The volatility index (VIX) is back at the $16 level behind key market drivers: the current earnings season and the bond market. With Fed reassurance of transitory inflation pushing markets’ to the upside, we recommend watching the critical support levels on the SPY at $445 and $440. CRWD, CHWY, and ZM are key earnings announcements […]

RoboStreet – August 26, 2021 Delta Data Bodes Well For Leisure Stocks  Despite the daily numbers of rising hospitalizations related to the delta variant, the most up-to-date data shows a definite slowing of new infections that have sparked some fresh optimism about the reflation sectors.  In a CNBC interview this past Monday, former FDA director […]

Major U.S. indices closed in record territory, extending their impressive streak. Second-quarter earnings have primarily returned positive as well as additional strong economic reports which supported markets. The delta variant and COVID rates remain at the forefront of market impacters. The VIX has now lowered to the $16 level but we are still expecting a […]

With the VIX back at the $18 level, we are still expecting a short-term correction to continue in the next two weeks as the market has started showing signs of trading in a downtrend. Please watch the critical support levels on the SPY at $440 and $434. PANW, CRM, and MDT are key earnings announcements […]

RoboStreet – August 19, 2021  Rally Hits Wall On Peak Growth Concerns  It’s day three of consolidation for stocks in a broad pullback that has a number of negative factors to point the blame to. The Fed’s taper talk, slowing growth data out of China, the delta variant, disappointing retail sales, and a slump in […]

We expect a short-term correction to continue in the next two weeks as the market has started showing signs of trading in a downtrend. Please watch the critical support levels on the SPY at $434 and $422. U.S. stocks predominantly traded lower as all three major U.S. indices closed in the red. Currently, the VIX […]

Key earnings announcements this week that can impact the market include WMT, CSCO, and TGT. Following the developing unrest in the Middle East and the continued spread of the delta variant, stocks opened Monday to mixed results. Benchmarks rebounded from early morning losses in the afternoon with the S&P and Dow Jones closing in the […]

RoboStreet – August 12, 2021  The Sudden Rotation Out Of Growth Stocks  If there were ever a time when the term “change on a dime” could be applied, it would be right now following a decisive pivot in the bond market that has triggered fierce sector rotation out of growth and into cyclical stocks. The […]