Every day last week the market would dip in the morning and rally in the afternoon.
This week has been the opposite: We’ve been grinding lower in the afternoons.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Every day last week the market would dip in the morning and rally in the afternoon.
This week has been the opposite: We’ve been grinding lower in the afternoons.
by David
From the Desk of Kimmy Sokoloff
Two heavyweights reported earnings yesterday and, as of now, $MSFT came out on top.
Now lets see if it holds on to the gains.
by David
The largest insider buy on today’s list comes in a Form 4 filing by Texas Capital Bancshares $TCBI director Robert W. Stallings.
Stallings reported a purchase of roughly $1 million of TCBI stock.
by David
From the Desk of Kimmy Sokoloff
Today was the first real breakdown for the indices, with $IWM leading the way.
For $SPY and $QQQ it was the first real break below their respective 21-day moving averages.
by David
The largest insider transaction on today’s list comes in a Form 4 filing by Ares Management.
Ares revealed a purchase of roughly $4.1 million in Frontier Communications Parent $FYBR.
by David
From the Desk of Kimmy Sokoloff
This market is completely stuck in a range, and we haven’t been able to get out of it for at least two weeks.
This morning the indices are back near yesterday’s low.
by David
From the Desk of Kimmy Sokoloff
I think this market might be on hold till Big Tech earnings are behind us.
Time will tell.
by David
Today’s Hot List is a short one.
The most significant insider transaction is a 13D filed by Perceptive Advisors.