U.S. benchmarks saw moderate gains as inflation concerns cooled off after the latest economic consumer report, while the Nasdaq after trading higher for two sessions saw its streak snap by closing in the red. The S&P hit record territory during the day as the core CPI data returned as expected while the consumer price index […]

Key earnings announcements this week that can potentially influence the market direction include BIDU, CF, and DIS. The market has started trading in a downtrend and we expect a short-term correction to continue in the next two weeks. Please watch the critical support levels on the SPY at $434 and $422. Currently, the VIX is […]

RoboStreet – August 5, 2021  Mixed Signals Fuel Higher Volatility  Recent data and developments have investors wondering whether to hit the gas or hit the brakes in their portfolios. Clearly, the delta variant is wreaking havoc on sentiment, not knowing the breadth of the impact on business conditions and the timeframe by which this phase […]

U.S. benchmarks traded impressively higher to start the week but turned lower on Wednesday following comments of a potential interest rate rise from Fed Reserve Vice Chair Richard Clarida. The Nasdaq closed in the green while the S&P and Dow Jones saw modest losses. ADP Private Sector report showed fewer than expected jobs added in […]

Although U.S. stocks traded impressively higher today, the new strand of the COVID virus has sparked continued volatility in the market as the VIX currently trades at the 18 level. Earnings season and the July Unemployment numbers are the main events that could drive the market this week. ROKU, BABA, and NXPI are key earnings […]

RoboStreet – July 29, 2021  Another Round Of Rotation Just Ahead  Mega tech stocks have led the market to new all-time highs on strong earnings and the notion that the sector worked best during the worst times of the pandemic last year and into early 2021. They have been considered safe havens of sustainable growth […]

U.S. stocks traded mostly higher on Wednesday as the latest Federal Open Market Committee meeting wrapped up. Fed Chair Jerome Powell met with the press following the meeting and announced the Fed would keep interest rates near zero and continue its support of the economy through the pandemic recovery. With rates unchanged, focus remains on […]

Earnings ramp up with reports from Apple, Facebook, Microsoft, Google, Tesla, and Amazon this week. The new strand of the COVID virus continues to impact worldwide markets, the VIX currently trades at the18 level. Vaccine and infection rates will continue to impact markets in the coming weeks as well as the start of the latest […]

RoboStreet – July 22, 2021  Radical Sector Rotation At Work  When the stock market can’t make up its mind as to what is a tailwind or a headwind, then volatility spikes. That’s exactly the case for the current investing landscape. The plunge in bond yields, which seems correlated to the spread and fear of the […]

Following Monday’s selloff, the Dow Jones rallied impressively as the benchmark rose over 280 points. The Nasdaq and S&P were also able to close in the green as U.S. benchmarks rebounded impressively on Wednesday. On Tuesday, Netflix and Unite Airlines headlined earnings while today Johnson & Johnson, Coca-Cola, and Verizon release their quarterly reports. While […]