RoboStreet – August 26, 2021 Delta Data Bodes Well For Leisure Stocks  Despite the daily numbers of rising hospitalizations related to the delta variant, the most up-to-date data shows a definite slowing of new infections that have sparked some fresh optimism about the reflation sectors.  In a CNBC interview this past Monday, former FDA director […]

Major U.S. indices closed in record territory, extending their impressive streak. Second-quarter earnings have primarily returned positive as well as additional strong economic reports which supported markets. The delta variant and COVID rates remain at the forefront of market impacters. The VIX has now lowered to the $16 level but we are still expecting a […]

With the VIX back at the $18 level, we are still expecting a short-term correction to continue in the next two weeks as the market has started showing signs of trading in a downtrend. Please watch the critical support levels on the SPY at $440 and $434. PANW, CRM, and MDT are key earnings announcements […]

RoboStreet – August 19, 2021  Rally Hits Wall On Peak Growth Concerns  It’s day three of consolidation for stocks in a broad pullback that has a number of negative factors to point the blame to. The Fed’s taper talk, slowing growth data out of China, the delta variant, disappointing retail sales, and a slump in […]

We expect a short-term correction to continue in the next two weeks as the market has started showing signs of trading in a downtrend. Please watch the critical support levels on the SPY at $434 and $422. U.S. stocks predominantly traded lower as all three major U.S. indices closed in the red. Currently, the VIX […]

Key earnings announcements this week that can impact the market include WMT, CSCO, and TGT. Following the developing unrest in the Middle East and the continued spread of the delta variant, stocks opened Monday to mixed results. Benchmarks rebounded from early morning losses in the afternoon with the S&P and Dow Jones closing in the […]

RoboStreet – August 12, 2021  The Sudden Rotation Out Of Growth Stocks  If there were ever a time when the term “change on a dime” could be applied, it would be right now following a decisive pivot in the bond market that has triggered fierce sector rotation out of growth and into cyclical stocks. The […]

U.S. benchmarks saw moderate gains as inflation concerns cooled off after the latest economic consumer report, while the Nasdaq after trading higher for two sessions saw its streak snap by closing in the red. The S&P hit record territory during the day as the core CPI data returned as expected while the consumer price index […]

Key earnings announcements this week that can potentially influence the market direction include BIDU, CF, and DIS. The market has started trading in a downtrend and we expect a short-term correction to continue in the next two weeks. Please watch the critical support levels on the SPY at $434 and $422. Currently, the VIX is […]

RoboStreet – August 5, 2021  Mixed Signals Fuel Higher Volatility  Recent data and developments have investors wondering whether to hit the gas or hit the brakes in their portfolios. Clearly, the delta variant is wreaking havoc on sentiment, not knowing the breadth of the impact on business conditions and the timeframe by which this phase […]