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 […]

To start the week, U.S. markets traded to mixed results with the Nasdaq snapping a multi-day streak as it closed in the red while the Dow Jones and S&P booked modest gains. The volatility index (VIX) is at the $20 level and we recommend watching the critical support levels on the SPY at $445 and […]

RoboStreet – September 9, 2021 Rates and Yields Looking Up September is already turning out to be the month of the market conundrum where inflationary pressures are colliding with the dampening effects of the Delta variant and global supply chain bottlenecks that are crimping growth prospects for multitudes of industries. Raw materials and most commodity […]

For the third straight session, U.S. markets unanimously closed in the red on Wednesday. All three major U.S. indices traded lower in the shortened trade week as strong economic reports are not able to support markets at the moment. Concern regarding the Federal Reserve easing monetary programs and the inflation/Treasury implications are weighing markets as […]

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 […]