The $SPX was down more than 1.5% today, but it was a slow and steady grind lower.
I didn’t trade much today, as I want to wait for the right setup.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
The $SPX was down more than 1.5% today, but it was a slow and steady grind lower.
I didn’t trade much today, as I want to wait for the right setup.
by David
The largest insider transaction on today’s list was reported in a Form 4 filing by the CEO and President of PayPal Holdings $PYPL, Dan Schulman.
Schulman reported a purchase worth roughly $1.9 million.
by David
From the Desk of Kimmy Sokoloff
We’re seeing a decent gap down into the $SPX 4,050 zone. If we break this, we can see 4,020.
We have support on $SPY at 402.65.
by David
From the Desk of Kimmy Sokoloff
That was some sloppy action today, and the market is showing weakness.
Let’s see if we level out next week.
Support on $SPY is 405, then 402.35. Resistance is at 408.
by David
This is the video recording of our February 17, 2023, All Star Charts Crypto Weekly Strategy Session.
by David
The largest insider transaction on today’s list was reported in a Form 4 filing by ValueAct Partners.
The firm reported a purchase of roughly $10 million in Insight Enterprises $NSIT, increasing its ownership stake to 11.90%.
by David
From the Desk of Kimmy Sokoloff
A complete late-day sell-off…
As JC said, February is like a hangover from the last three months.
by David
From the Desk of Kimmy Sokoloff
The $SPX was saved by its 21-day moving average around 4,080 and is now trying to hold above its eight-day moving average at 4,124.
Tomorrow is monthly options expiration, so we should see more volatility.