From the Desk of Kimmy Sokoloff
We had a few banks report earnings this morning, and they’re all ticking higher.
The S&P 500 did touch the 4,500 zone yesterday.
I think a cool-off would be warranted soon.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
We had a few banks report earnings this morning, and they’re all ticking higher.
The S&P 500 did touch the 4,500 zone yesterday.
I think a cool-off would be warranted soon.
by David
From the Desk of Kimmy Sokoloff
This market is on a tear and making new highs.
$SPX hit 4,500, a new milestone.
We’re extended, but we can stay this way for a while.
by David
Today’s Hot Corner list is a short one.
KGH Ltd filed a 13G for Diamond Offshore Drilling Inc $DO revealing an increase in its ownership stake from 7.15% to 7.50%.
by David
From the Desk of Kimmy Sokoloff
We have PPI coming out this morning at 8:30 a.m. ET and a few Fed speakers on the schedule as well.
It looks like $SPY will probably touch 450.
Today, like yesterday, I’ll probably be looking for counter-trend trade shorts. It’s harder at this point to find longs.
by David
From the Desk of Kimmy Sokoloff
CPI data for June came out this morning, and the market liked the news.
The indices are flying high.
by David
From the Desk of Kimmy Sokoloff
We have CPI data for June coming out at 8:30 a.m. ET.
I’ll hold off on sharing stock ideas this morning until we have clarity on those numbers.
by David
From the Desk of Kimmy Sokoloff
The market overall was up and away today.
We have CPI data for June coming out at 8:30 a.m. ET and more Fed speakers on the schedule for tomorrow.
by David
The largest insider buy on today’s list comes in a 13G filing by Mackenzie Financial Corporation.
The Canadian investment firm revealed an increase in its ownership stake in CAE Inc $CAE from 7.30% to 10.05%.