The main catalyst to the market in the coming weeks will be the upcoming earnings season, set to kick off with major banks on Wednesday. JPM, DAL, and TSM are key earnings announcements this week that can potentially influence the market direction. The VIX returned to trade near the $19 level as U.S. markets dipped […]

RoboStreet – October 7, 2021 Market Oscillations Beginning To Ebb  Stocks are getting a lift from what is viewed as relief from some of the fears that have engulfed investor sentiment for the past few weeks. The resolution to raise the federal budget debt ceiling, Russia’s assurance to Europe that it will increase natural gas […]

Following the early week struggles, U.S. markets impressively rebounded on Wednesday as the VIX lowered to the $20 level. To start the week, markets sold off behind struggles in the tech sector and inflation concerns, pushing the VIX to the $25 level. Today, all three major U.S. indices finished in the green with the Dow […]

U.S. markets unanimously finished lower as the VIX returned to the $25 level. Inflation concern and COVID data remain at the forefront of market movement while today’s selloff was led by a large dip in the tech sector. Widespread social-media and tech outages, headlined by Facebook, caused shares to dip significantly, alongside the release of […]

RoboStreet – September 30, 2021  Quarter Ends With Market In Spin Cycle The third quarter ended characterized by rising volatility, higher bond yields, and lower equity prices, save for energy and bank stocks. Ongoing concerns about global supply chain disruptions were validated by Fed Chairman Jerome Powell’s testimony this week to the Senate Finance Committee […]

RoboStreet – September 23, 2021 Swift Correction May Be Over  It’s still early, but the rolling correction of the past three weeks may have culminated with this Monday’s steep selloff that saw the SPY trade down to $428. The subsequent rally into the FOMC meeting reassured investors that the bull market is resilient, even when […]

Following today’s Fed decision, all three major U.S. indices traded impressively higher. Earlier this week the volatility index (VIX) moved higher nearing the $20 level but has since lowered to $20. Fear regarding global economic impact following China’s Evergrande fallout caused some early week volatility as we continue monitoring the issue. We recommend watching the […]

As we approach the Fed decision on Wednesday, the volatility index (VIX) moved higher nearing the $25 level. We recommend watching the critical support levels on the SPY at $434 and $420 as we still expect some short-term correction to continue this week and potentially next week as well. ABDE, LEN, and FDX headline earnings […]

RoboStreet – September 16, 2021 Rolling Correction In Motion  The month of September has lived up to its reputation of being a difficult time for bullish momentum in stocks. In fact, quite the opposite has occurred as a slow deterioration of the advance/decline line has characterized a market struggling to maintain its upward bias. Talk […]

After a mixed start to open the week, major U.S. indices impressively traded higher with the S&P leading at 0.85% gains. Positive economic data and the latest on President Biden’s $3.5 trillion budget are key market impactors today while additional economic clarity will arrive next week during the Federal Reserve Open Market Committee meeting. Although […]