The $SPX ran right into resistance today at 3,980 then pulled back in.
We really need above that level to trend higher. It would be best to also hold onto 3,950 on a closing basis.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
The $SPX ran right into resistance today at 3,980 then pulled back in.
We really need above that level to trend higher. It would be best to also hold onto 3,950 on a closing basis.
by David
From the Desk of Kimmy Sokoloff
Futures are up a bit this morning, but we’re still range-bound.
We have data out at 8:30 a.m. ET. We’ll see if that has an influence over the market today.
by David
The largest insider transaction on today’s list is a Form 4 filing by Byline Bancorp $BY Director Antonio del Valle Perochena.
Perochena revealed a purchase of BY shares worth $979,055.
by David
From the Desk of Kimmy Sokoloff
This market is range-bound at the moment. $SPY is stuck between 395 and 390.
The market truly might be waiting for next week for a big move. We’ve got November CPI on Tuesday and the Fed on Wednesday.
by David
This is the video recording of our December 7, 2022, Inside Scoop Weekly Strategy Session.
by David
From the Desk of Kimmy Sokoloff
The trek lower in the indices continues.
We’re near $SPX 3,900 support. After that it’s 3,860.
We need to recapture 3,960 to head back uphill.
by David
The largest insider transaction on today’s list is a Form 4 filing by Charles River Laboratories International $CRL director Richard F. Wallman.
Wallman revealed a purchase of $328,350 in CRL.
by David
From the Desk of Kimmy Sokoloff
The market took another hit today. We broke below last week’s lows and plowed through support levels.
The $SPX has support at 3,900, then 3,860. Resistance is at 3,959.