From the Desk of Kimmy Sokoloff
It’s a quiet morning so far for the market.
We’ll see how the indices handle their respective moving averages this week.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
It’s a quiet morning so far for the market.
We’ll see how the indices handle their respective moving averages this week.
by David
From the Desk of Kimmy Sokoloff
It was a down week for the indices, which was warranted.
We’ll see if we flag here and head higher or trend down to the 21-day moving averages.
$DIA and $IWM are below their 21-day moving averages, while $SPY and $QQQ are not.
by David
The most significant transaction on today’s list comes in a Form 4 filing by Danaos Corp $DAC, which revealed a purchase of $7.2 million in Eagle Bulk Shipping Inc $EGLE.
Danaos has quietly amassed an 11.32% ownership stake in its competitor in recent months.
by David
From the Desk of Kimmy Sokoloff
Tech pushed higher yesterday.
Let’s see if we have follow-through today.
by David
From the Desk of Kimmy Sokoloff
The market’s been in consolidation mode, and that continued today — except for the typical $AAPL/$AMZN/$GOOGL/$MSFT rally.
$SPY and $QQQ reclaimed their eight-day moving averages.
by David
The most significant transaction on today’s list comes in a 13G filing by Ecor1 Capital.
Ecor1 raised its ownership stake in Zymeworks Inc $ZYME from 11.80% to 19.90%.
by David
From the Desk of Kimmy Sokoloff
As I write, $SPY and $QQQ are below their respective eight-day moving averages.
They could potentially be heading down to their 21-day moving averages, which is roughly 429 on SPY and 354 on QQQ.
by David
From the Desk of Kimmy Sokoloff
The Nasdaq pulled in the most today, with $QQQ dropping down to its eight-day moving average.
Now, this is either a bull flag or we’ll head lower.