U.S. Stocks opened lower today, feeling pressure from underperforming bank earnings and continued global and domestic tension, before turning positive for modest gains in the afternoon. Morgan Stanley joins Citi and Chase as part of the major banks reporting this week below expectations while trade tension with China grows as Federal prosecutors open a criminal […]

RoboStreet – January 17, 2019 More Smoke and Fire from the Pot Sector As the stock market in its fourth week of recovery, there is a lot of talk of all the overhead technical resistance that has to be cleared out in order for the primary uptrend to be re-established. For the most part this […]

Major U.S. indices are on track to record their second straight day of gains after two losing sessions amid growing global trade concern and the partial U.S. government shutdown, going on its 26th day. Strong earnings for Goldman Sachs and Bank of America are helping support the market today after a tepid start to reporting […]

Markets opened lower today and continued to lower in the afternoon amid growing global concerns, lack of progress regarding the U.S. government shutdown, and tepid anticipation of earnings and data reports. Fourth quarter reporting usually supports the market this time of year but having a turbulent end to 2018 corporate America looks to be prepping […]

RoboStreet – January 10, 2019 A Better Market Tone All Around Since the stock market bottomed out on Christmas Eve, the S&P has rebounded about 10% in an impressive snap back rally. The SPDR S&P 500 ETF (SPY) broke above its first level of technical resistance at $254 and has followed through to the upside […]

Major U.S. indices rose in early-morning trading before lowering in the afternoon, erasing gains as signs of a turbulent Chinese economy and continued partial U.S. government shutdown continues to weigh down investor sentiment. At its current state, the market broke out of $254 resistance level which is now a support for SPY. Earnings season is […]

All three major U.S. indices are on the move up today and are looking to record their fourth straight day of gains. The market has broken out of $254 resistance level which is now support for the SPY. With earnings season approaching, the market is expected to break out of the oversold conditions it faced […]

Today, markets are on the move up with all three major U.S. indices on track for their second straight day of gains. After a turbulent start to 2019, markets found their footing on Friday behind optimism in the upcoming China-U.S. trade talks. Major news to keep an eye on this week includes the first meeting […]

RoboStreet – January 3, 2019 Double Dose of Bearish News Keeps Sellers in Control So much for the Santa Claus rally carrying over after New Year’s Day. As much as the market wanted to embrace a good start for 2019 the market got stung by a major index component issuing a profit warning. Shortly after […]

The Dow Jones Industrial Average plummeted nearly 600 points in early Thursday trading, following a slashed revenue forecast from Apple and continued weak outlooks on Chinese economic vitality. Apple shares dropped more than 9% in morning trading hours. The S&P 500 and Nasdaq Composite also dropped more than 2% as investors hesitate on committing to […]