In a continued show of strength and confidence, the Dow Jones Industrial Average extended its remarkable winning streak for the 13th consecutive day, propelled by the Federal Reserve’s decision to raise interest rates by a quarter of a percentage point during its latest meeting. Federal Reserve Chairman Jerome Powell, in a press conference following the […]

RoboStreet – July 20, 2023 Second-Quarter Earnings Surge Amidst Market Optimism and Employment Gains As the second-quarter earnings season gains momentum, investors are eagerly assessing corporate performances, along with the latest released economic indicators, including retail sales data and updates on the U.S. housing market. The stock market experienced a robust start to the week, […]

RoboStreet – July 13, 2023 Stocks Surge to New Highs, Earnings Season Kicks Off The stock market witnessed an impressive rally for the fourth consecutive day, driving the S&P 500 and Nasdaq to intraday 52-week highs. The surge in stock prices was fueled by encouraging developments, including the producer-price index report, which revealed slower-than-expected growth […]

In a positive start to the week, all three major U.S. indices closed in the green, fueled by investor anticipation of June’s consumer price index (CPI) reading scheduled for release on Wednesday and the upcoming earnings season. Market participants are closely watching these events as they seek insights into the broader economy and the Federal […]

RoboStreet – July 6, 2023 Stocks Retreat as Labor Market Remains Strong, Fed Rate Hike Imminent Thursday witnessed a decline in stock prices as the latest economic data revealed that the labor market continues to thrive. Bond yields, however, experienced a rally in response to the news. It is becoming increasingly evident that the Federal […]

On Monday, all three major U.S. indices closed in positive territory as the nation prepared for the Independence Day holiday, which will result in the closure of markets on Tuesday. As the second half of the year begins, investors are closely monitoring the latest employment data and indicators of the overall health of the U.S. […]

RoboStreet – June 29, 2023 Surging GDP Growth and Falling Jobless Claims Signal Resilient U.S. Economy On Thursday, the Dow Jones Industrial Average recorded gains as fresh economic data highlighted the steady progress of the U.S. economy. Revised figures for first-quarter Gross Domestic Product (GDP) revealed stronger growth than initially expected, while weekly jobless claims […]

Day trading success hinges on having the right tools in your arsenal. Technical indicators, combined with the expertise provided by Tradespoon, play a pivotal role in analyzing market data and identifying lucrative trading opportunities. By understanding and utilizing these indicators effectively, day traders can optimize their trading potential and increase profitability. In this article, we […]

In a trading session marked by lackluster performance, the stock market faced headwinds on Monday as tech stocks bore the brunt of selling pressure. Key support levels for the SPY at $431-$432 were tested, while the market struggled to overcome overhead resistance at $434. Our market models indicate a looming negative trend, suggesting a potential […]

RoboStreet – June 22, 2023 Fed Comments and Inflation Shock: Market Volatility Unleashed! After a positive start to the week, major U.S. indices took a downward turn, closing the week in the red. Following last week’s Federal Reserve decision, attention shifted to various Fed speeches and the upcoming PMI data on Friday. On Wednesday, markets […]