Markets traded to mixed results today, as the S&P and Nasdaq booked modest gains while the Dow closed 0.15% down. The latest decision from the Federal Open Market Committee was reported by Fed President Jerome Powell as once again the Feds decided to hold rates steady. Also worth noting is the Fed’s intent to continue […]

With a U.S. vaccine rollout in sight, markets traded to mixed results to start the week as positive news regarding the COVID vaccine supported stocks while continued lack of progress regarding an economic stimulus package have slowly begun to pressure markets this month. On Friday, President Trump signed a spending bill to allow Congress an […]

RoboStreet – December 10, 2020 Year-End Push Higher For Stocks Looks Good Following eleven straight up days for the Nasdaq and a massive IPO offering for DoorDash Inc. (DASH) capped the near-term move higher for the market and prompted some profit taking in the tech sector. JPMorgan also downgraded several “cloud kings” on valuation that […]

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, […]