In what has become one of the most perplexing rallies the major stock indices have now posted their best two-month performance in 30 years. The gains have now cemented recovery from one swiftest and sharpest bear market on record. Indeed, by...
Read MoreAmong the cohort of stocks benefitting from the stay-at-home mandate stemming from the COVID induced shutdown have been video game makers. The lead gaming stocks such as “Activision Blizzard (ATVI)”, “Electronic Arts (EA)”, and “Take-Two...
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In the short term, we still believe the market is overbought. Our models are projecting the SPY to trade between $270-$310 level in the next 2-3 weeks and the potential for the market to retest $260 SPY level is unlikely – as most sectors have...
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RoboStreet – May 28, 2020 S&P Makes A Breakout Move Another good week for stocks is shaping up. The S&P 500 extended the sharp rally to trade above the 3050 levels. The Dow Jones Industrial Average and Nasdaq Composite are up...
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Potential for the market to retest $260 SPY level is unlikely Currently, our models are projecting the SPY to trade between $270-$310 level in the next 2-3 weeks. The potential for the market to retest $260 SPY level is unlikely as most sectors...
Read MoreThe Semiconductor Conductor Sector has fared fairly well during the past few months, enjoying one of the strongest bounce backs sine the broad market or “SPDR S&P 500 (SPY – Get Rating)” low in late March. Semiconductor ETF (SMH) 8.8%...
Read MoreWith stock indices raging back to levels prior to the pre-COVID 19 levels many people are wondering if this is a time to look at value stocks. It has been well documented that growth has outpaced value for over a decade with technology leading the...
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