We saw a lot of volatility after the FOMC meeting today.
We dropped below $SPX 4,000 before quickly bouncing back.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
We saw a lot of volatility after the FOMC meeting today.
We dropped below $SPX 4,000 before quickly bouncing back.
by David
This is the video recording of our December 14, 2022, Inside Scoop Weekly Strategy Session.
by David
From the Desk of Kimmy Sokoloff
We have the FOMC decision and Fed Chair Powell up at bat today.
I guess the market will be judging Powell’s overall tone to see if and when the Fed will start to pivot.
by David
The largest insider buy on today’s list comes in a Form 4 filing by the CEO of SoFi Technologies $SOFI, Anthony Noto.
Noto disclosed a $5 million purchase of SOFI shares.
From the desk of Steve Strazza @Sstrazza
We held our December Monthly Strategy Session last week. Premium Members can access and rewatch it here.
Non-members can get a quick recap of the call simply by reading this post each month.
By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends. This is easily one of our most valuable exercises as it forces us to put aside the day-to-day noise and simply examine markets from a “big-picture” point of view.
With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.
by David
From the Desk of Kimmy Sokoloff
November CPI came in better than expected, and the market was up over 2% at the open then drifted lower all morning.
The $SPY was up at 410 and dropped down to 399, roughly.
There was a lot of profit-taking, and a lot of good short ideas were out there to be had.
by David
From the Desk of Kimmy Sokoloff
Futures are up big this morning. Now we’ll see what the November CPI data brings this morning at 8:30 a.m. ET.
The $SPX futures are trading roughly at their 200-day moving average at 4,050.
by David
The largest insider buy on today’s list comes in a Form 4 filing by Jeff Aronson.
Aronson revealed a purchase of roughly $1.2 million in GoHealth $GOCO.