From the Desk of Kimmy Sokoloff
We have PPI out this morning, and CPI yesterday didn’t bode well for the market.
We really haven’t had a market rally in over a week. The market tried yesterday but failed.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
We have PPI out this morning, and CPI yesterday didn’t bode well for the market.
We really haven’t had a market rally in over a week. The market tried yesterday but failed.
by David
From the Desk of Kimmy Sokoloff
The rally we had this morning completely faded.
We’re still stuck under major resistance.
The more time we spend below can send us lower.
by David
This is the video recording of the August 9, 2023, Hot Corner Insider Weekly Strategy Session.
by David
The largest insider transaction on today’s list comes in a Form 4 filed by HF Direct Investments Pool, LLC.
The investment unit of the direct response marketing firm reported a purchase of $50 million in Westrock Coffee Company $WEST, increasing its ownership stake to 17.15%.
by David
From the Desk of Kimmy Sokoloff
The indices had a dead-cat bounce yesterday afternoon, then rolled back over.
We have CPI data for July coming out at 8:30 a.m. ET.
I’ll wait till after the print to see how things look.
by David
From the Desk of Kimmy Sokoloff
This morning I mentioned in the Live Trading Room that if we fill the gap on $QQQ down to 368.63 we can potentially have a bounce trade.
That’s what happened, and $SPY bounced as well.
I alerted the room at 12:35 p.m. ET that both indices can rally at least a point.
I was slow on entering short trades, as the market was moving slowly.
We’ve got CPI tomorrow morning.
by David
The largest insider transaction on today’s list comes in a Form 4 filing from Steven J. McLaughlin of fintech-focused investment banking firm FT Partners.
McLaughlin revealed a purchase of $2.9 million in Expensify Inc $EXFY.
by David
From the Desk of Kimmy Sokoloff
It’s been slim pickings with regard to stocks to trade, as the indices are in a holding pattern.
I’m sure they’ll pick a direction soon.
As we know, August is typically a bumpy month, as is September.