I believe we’re in wait-and-see mode until Friday!
It’s a “What Will Jerome Say?” market.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
I believe we’re in wait-and-see mode until Friday!
It’s a “What Will Jerome Say?” market.
by David
The largest insider transaction on today’s list comes in a Form 4 filed by Sylebra Capital Ltd.
The hedge fund reported a purchase of 415,751 shares of Impinj Inc, equivalent to $25.2 million. [Read more…]
by David
From the Desk of Kimmy Sokoloff
Some would say this is a big week.
With the Fed’s Jackson Hole Economic Symposium on deck, all eyes will be on Jerome Powell.
Now we need to see if this rally lasts.
If so, $SPY has near-term potential to 441.
by David
From the Desk of Kimmy Sokoloff
After a volatile week finally Friday is here.
We had a few good trades to end the week. [Read more…]
by David
This is the video recording of the August 18, 2023, Hot Corner Insider Weekly Strategy Session.
by David
From the Desk of Kimmy Sokoloff
Inflation worries, higher yields, and the dollar rising typically spells trouble for equities.
I mentioned in the Live Trading Room yesterday that if the S&P 500 breaks 4,400 we can see 4,370. An overbought market can stay overbought, and an oversold market can stay oversold.
This has been a slow bleed lower. It’s not an easy market to trade, so I tell people to back away or trade very small.
Everyone’s a hero when the market goes up!
They’re starting to hit a lot of names.
by David
From the Desk of Kimmy Sokoloff
This is a tough market.
We’ll see if they hold 439 on $SPY.
by David
The largest insider transaction on today’s list comes in a Form 4 filed by Sylebra Capital Ltd.
The hedge fund reported an additional purchase of $3.8 million in Impinj Inc $PI, increasing its ownership stake to 10.68%.