From the Desk of Kimmy Sokoloff
The indices recaptured their respective eight-day moving averages, and it seems they’re forming bull flags.
Maybe now we are on the way to $SPY 403.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
The indices recaptured their respective eight-day moving averages, and it seems they’re forming bull flags.
Maybe now we are on the way to $SPY 403.
by David
From the Desk of Kimmy Sokoloff
Today was like a strange pendulum — back and forth and up and down and all around.
The $SPY tried hard all morning to hold on to the eight-day moving average at 391.40.
Once $AAPL started to move higher, so did the indices — SPY ran up to 394-plus.
by David
The largest insider transaction on today’s list is a Form 4 filing by the CEO of Ryan Specialty Group Holdings $RYAN.
The chief executive revealed a purchase worth $6.1 million in the specialty insurance company.
by David
From the Desk of Kimmy Sokoloff
The S&P futures broke below 3,950, and now they’re riding the eight-day moving average at 3,930.
So far, this is a healthy contraction, one that I’ve been looking for.
[Read more…]
by David
From the Desk of Kimmy Sokoloff
What a day.
The market pulled in from this morning’s economic data, plus news out on semiconductors didn’t help, either.
by David
This is the video recording of our November 16, 2022, Inside Scoop Weekly Strategy Session.
by David
The largest insider transaction on today’s list is a Form 4 filing by Martin Franklin, director at Element Solutions $ESI.
Franklin reported share purchases worth $17.2 million in ESI.
by David
From the Desk of Kimmy Sokoloff
Looks like we’re heading for a flat open for the market as I write this morning.
We’re still hovering near the $SPX 4,000 level. Resistance is at 4,037, then 4,062.