Major U.S. indices saw mixed results to start off the week, with the Dow and S&P closing in the green while the Nasdaq finished modestly lower. Corporate earnings season continues to wind down as additional retail and energy earnings are set to release this week. Key earnings this week will feature Cisco, Lyft, and Applied […]

RoboStreet – August 6, 2020  Eternal Stimulus Versus Overbought Rally  Continued Fed intervention via QE forever and a massive pandemic stimulus package being worked out in Congress continue to provide the oxygen for a market this is showing signs of upside fatigue. Following a much better-than-expected second-quarter earnings season, the major averages have rallied strongly […]

Markets continue to see support from impressive earnings and positive economic reports, as well as reports of progress regarding the latest stimulus package. Impressive service sector data along with steady employment is helping U.S. stocks, with all three major U.S. indices in the green today. Trade deficit shrunk just over 7% in July; look out […]

Last week, major U.S. indices recorded the fourth straight month of gains as both the Nasdaq and S&P booked over 5% gains for July, while the Dow was up 2%. Kicking off August, U.S. markets rallied to close Monday’s trading session with all three major U.S. indices in the green behind impressive manufacturing and earnings […]

RoboStreet – July 30, 2020 Fighting the Hack Attacks With Cyber Security Stocks  Equity markets rallied strongly into second-quarter earnings season, so it should be of no surprise by investors that there’s some selling on the news as earnings are crossing the tape. While some air is coming out of the big-cap tech bubble, it’s […]

After markets finished mostly lower on Tuesday, U.S. stocks closed higher on Wednesday following the conclusion of the latest Federal Open Market Committee meeting. Federal Reserve Chair Jerome Powell affirmed the Fed’s decision to leave benchmark interest rates unchanged as well as continued support throughout the pandemic. Powell stressed “fiscal policy” and stated the Fed […]

Markets traded impressively higher today, snapping a two-day down streak which pushed major U.S. indices to finish lower last week, in anticipation of an additional stimulus package. Corporate earnings remain in the forefront of economic news with tech giants Alphabet Inc., Apple, Amazon, and Facebook all set to report later this week. The latest Federal […]

RoboStreet – July 23, 2020  August Is A Good Time To Add Portfolio Insurance  Investors are enjoying a Fed-fueled rally accompanied by no less than five Congressional stimulus packages, the latest to be finalized this week to the tune of what looks to be around $1.5 trillion. It’s an amazing time for how the government […]

We have adjusted our “worst-case” short-term scenario to $296 as our models are projecting the SPY to trade between $296-$330. As long as the market trades above the $323 level for the SPY, Market Commentary readers can consider adding to their positions using market pullbacks. All three major U.S. indices closed in the green today […]

After trading impressively higher last week, U.S. stocks added to their gains this week as all three major U.S. indices closed in the green. Strong performance from the tech sector and the latest positive economic data released, including earnings, are helping markets trade higher. This week, stimulus talks resume in D.C. with Treasury Secretary Mnuchin […]