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 […]
RoboStreet – June 15, 2023 Stocks Surge as Fed Holds Rates, ECB Takes a Different Path In a positive response to the Federal Reserve’s decision to maintain interest rates, the stock market experienced gains on Thursday. The Dow reached 2023 high, and all three major US indices saw positive movements. However, investors remain cautious as […]
The major U.S. stock indices experienced gains today, with the tech sector leading the way. Investors are closely watching the Federal Reserve’s two-day monetary policy meeting scheduled for Tuesday and Wednesday. While expectations lean towards a pause in interest rate hikes, the release of inflation data on Tuesday could potentially alter the central bank’s decision. […]
RoboStreet – June 8, 2023 Stock Market Rallies as Tech and Consumer Staples Lead the Way; Central Bank Policy Remains in Focus After a brief setback on Wednesday, the stock market made a strong comeback on Thursday, propelling the S&P 500 into bull market territory. The upward momentum was primarily driven by two sectors: technology […]
In a reversal of earlier gains, stocks closed in negative territory on Monday, primarily driven by a pullback in the technology sector. The S&P 500, which had been on the cusp of reaching a significant milestone, experienced a 0.2% decline, while the Nasdaq Composite fell 0.1%. The Dow Jones Industrial Average also recorded a 0.6% […]
RoboStreet – June 1, 2023 U.S. Stocks Rally as Debt Ceiling Deal Boosts Market Confidence U.S. stocks rebounded on Thursday, recovering from a slump earlier in the week, as the House of Representatives passed a deal on the US debt ceiling. The positive sentiment in the market allowed investors to shift their focus to the […]
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