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 […]

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 […]