On the last trading day of the third quarter, markets moved higher with all three major indices closing in the green. Impeachment and global trade concerns are the main factors currently dictating markets while tension in the Middle East continues to impact oil. The next meeting between China and the U.S. is set for October […]
RoboStreet – September 26, 2019 Tech Sector Setting Up for Earnings Season Rally Without question the most compelling sector to own going into the fourth quarter from a historical standpoint is technology. Business spending on technology tends to be weighted at the end of the third quarter when company’s budgets are in a “use it […]
Markets are trading lower as impeachment concerns continue to weigh on U.S. stocks with the first day of testimonies beginning in D.C. today. On the global trade front, President Trump’s latest comments indicate a deal with China could happen “sooner” than presumed while a trade deal with Japan to buy goods was recently announced. Second-Quarter […]
Major U.S. indices are recouping early morning loses and are on track to close in the green behind strong Nike corporate earnings and August home sales report. Yesterday, impeachment concerns shook markets as Speaker of the House Nancy Pelosi announced the formal inquiry. While long-term market fears regarding impeachment have seemed to ease today, lack […]
Markets are modestly up today and remain near all-time highs for all three major indices. Strong economic data, including recent real estate and labor reports, is supporting U.S. markets while the lack of progress in U.S.-China trade developments is weighing on global markets. A trip to visit U.S. farm states by the Chinese administration was […]
RoboStreet – September 19, 2019 Trading for Profits from the Trade Talks Yesterday, mid-level trade negotiations resumed in Washington D.C. following President Trump’s decision to delay a tariff increase set for October 1 on $250 billion of Chinese imports. China also delayed tariffs on additional U.S. goods as a gesture to move toward what will […]
Markets are trading higher today following yesterday’s FOMC decision and the latest economic reports. Yesterday, Feds cut interest rates for the second time in 2019 by a quarter-point but did not guarantee further cuts. Existing home sales data for August released today showed positive growth while next week Q2 GDP revision and August core inflation […]
Major U.S. indices and futures traded lower ahead of today’s Federal Open Market Committee meeting and continued lower after the Fed cut rates by one-quarter of a percentage point. Interest rates were cut to a range of 1.75%-2% in a 7-3 vote which indicates additional cuts are not yet guaranteed. Fed Chair Jerome Powell met […]
Following multi-day streaks for all three major U.S. indices, U.S. stocks retreated from record range today. This comes ahead of this week’s two-day FOMC meeting, beginning tomorrow, and following last week’s European Central Bank’s decision to cut rates. Oil is on the rise today following an attack on a Saudi Arabian oil facility over the […]
RoboStreet – September 12, 2019 The Fed Rate Trade Is Back On The Federal Reserve is set to meet again next Wednesday, September 18, and layout the latest fiscal policy for all to see. There is an almost unanimous consensus the Fed will cut the Fed Funds Rate by a quarter-point from 2.25% to 2.00% […]
Tradespoon Tools make finding winning trades in minute as easy as 1-2-3.
Our simple 3 step approach has resulted in an average return of almost 20% per trade!