With the market prone to further corrections, the next level of support is set at $350. All three major U.S. indices closed in the green today with the Dow leading as the index neared its first record close in over 10 months. Positive reinforcement from Dr. Fauci and President-Elect Biden supported stocks today as the […]

RoboStreet – November 12, 2020 See-Saw Battle Between Growth and Value Rages  There is an old saying of “dance with the one that brought you” that bears out when looking at how the 2020 stock market is performing. There have been a few attempts to steer the market’s leadership from the big cap growth stocks, […]

U.S. stocks maintained gains on Wednesday as the Nasdaq led major U.S. indices with a 2% gain behind a strong tech performance. While news regarding a COVID vaccine supported markets to open the week, strong earnings and economic reports continue to provide support for markets. McDonald’s earnings and the September Job Openings report, both released […]

Markets briefly traded above all-time high levels but sold off at the end of today’s session as promising news regarding a COVID vaccine, as well as election clarity, supported stocks. Pfizer unveiled details regarding their latest vaccine trials, stating more than 90 percent effectiveness in preventing infection among volunteers, which boosted shares market-wide as futures, […]

RoboStreet – November 5, 2020  Bullish Tape Takes Market Back Up To Previous Highs  The market has enjoyed a roaring four-day pre-and-post election rally that is drawing cash off the sidelines and forcing the shorts to cover. Even though the final results of the elections appear to be a done deal, investors have bought into […]

Although the U.S. presidential race is too close to call following yesterday’s election, U.S. Benchmarks extended their streak on Wednesday after closing sharply higher on Tuesday. All three major U.S. indices closed in the green, with the Nasdaq leading at 3.85% gains. For the most part, U.S. assets are responding well to the election with […]

After finishing the week lower on Friday, U.S. stock-market benchmarks saw impressive gains to start the week with all three major U.S. indices closing in the green. Markets were pressured by growing COVID data last week while the continued stream of strong economic reports looks to support markets this week. On Tuesday, the U.S. election […]

RoboStreet – October 29, 2020 Flash Alert! Vlad’s Top Home Sweet Home Trade Investors are hunkering down in reaction to rising COVID-19 data, lack of Congressional stimulus, and the prospect of a contested election outcome. The latest polls have Trump and Biden literally tied at 49%, similar to when George W. Bush and Al Gore […]

With less than a week until the U.S. election, the market broke through the $340-342 support level and remains prone for further corrections, the next level of support is set at $330. Today, U.S. stocks continued to slide as all three major U.S. indices finished in the red. The Nasdaq saw over 3.7% losses while […]

All three major U.S. indices closed deep in the red, over 1.5% down but off session lows, as data showed COVID-19 cases continue to rise while stalled stimulus talks in D.C. also pressured stocks. Last week, all three indices finished lower for the week with over 83,000 reported new cases, topping the previous mid-summer record […]