Behind a big tech selloff, markets traded lower throughout with the Dow and S&P modestly down while the Nasdaq dropped nearly 2%. Antitrust suits against Facebook pushed shares lower while continued COVID infection rates throughout the U.S. and worldwide applied additional pressure. With little progress on the proposed stimulus bill, markets did not receive much […]

After closing at an all-time high on Friday due to stimulus confidence, U.S. markets traded to mixed results on Monday with the S&P and Dow trading slightly lower while Nasdaq booked small gains. On Capitol Hill, both President Trump and Senate majority leader McConnell offered optimistic sentiment regarding the $908 billion stimulus proposal with some […]

RoboStreet – December 3, 2020  Hot Sector Sets Up For Bigger Move  News that a compromise stimulus bill is getting traction on Capitol Hill is helping to fuel the uptrend for the market, that in many respects is technically extended. However, like the famous economist John Maynard Keynes said “the markets can remain irrational longer than you can remain solvent.” And […]

Until an additional breakout is sustained, our models are projecting the SPY to trade between the $340-$360 levels. With growing momentum regarding additional fiscal stimuli, as a bipartisan effort makes its way through Congress, major U.S. indices turned higher alongside higher Treasury yields. Only the Nasdaq closed in the red, down 0.05%, while the S&P […]

Last week, the Dow Jones impressively hit 30,000 for the first time behind strong tech performances and growing optimism regarding successful vaccine trials. This week, the focus turns toward the Federal Budget as the December 11 deadline looms with several topics still be hashed out. Government spending along with the border wall and defense authorization […]

RoboStreet – November 26, 2020 Energy Sector Gets A Wake-Up Call Bullish sentiment is sweeping Wall Street and the investment landscape as what is known as the “January Effect” is coming early this year. All 11 sectors of the market have participated in the rally to some extent, but clearly, the surprise leader has been […]

Markets traded to mixed results today as the S&P and Dow closed in the red while Nasdaq, powered by a strong Microsoft performance, closed in the green. Yesterday, the Dow Jones closed above 30,000 for the first time as additional positive vaccine news supported markets. Several key economic reports were released today to mixed results, […]

On the heels of another successful vaccine trial and key Purchasing Managers’ Index reports, U.S. markets maintained gains to start the shortened trading week. All three indices traded in the green today with the Dow leading the pack at over 1% gains. Manufacturing, services, and composite PMI reports were released today ahead of another week […]

RoboStreet – November 19, 2020  Banks About To Have Their Day In The Sun We’re entering the final stretch of 2020 with the market showing some holiday spirit. As the final recounts for the White House are underway, much of the uncertainty facing investors prior to the election has been lifted.  As it stands, Joe […]

U.S. Markets finished lower on Wednesday as all three major U.S. indices closed in the red behind underwhelming economic reports and an increase in U.S. COVID cases.  The latest monthly retail data underwhelmed investors upon its release as the data showed a slow down in most retail sectors in October while online shopping remained high. […]