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 […]
All three major U.S. indices saw early dips at the open today, with the Dow dropping more than 350 points and then began rebounding late morning and early afternoon. Top of mind for investors today is a December manufacturing reading from China, showing a continued drop to the lowest point since February 2016. Fears of […]
Markets are trading slightly higher today ahead of the New Year holiday when markets will be closed for the day. After a seesaw week that had the market hit historic lows and rallies, careful optimism in China-U.S. trade relations behind sustained progress has U.S. indices marginally trading up today. The partial government shutdown has slowed […]
RoboStreet – December 27, 2018 Taking a Position is the Market’s Most Coveted Company The Market’s Most Coveted Company is Taking Position The S&P 500 rallied 5% on Wednesday from what many believed to be extremely oversold conditions on a short-term basis. Rebounding oil prices, strong holiday sales, strong insider buying, and some short covering […]
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