The market sold off most of the day, and, as of now, we’re holding at $SPX 4,015.
Should we break below the eight-day moving average, we can head to SPX 3,992.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
The market sold off most of the day, and, as of now, we’re holding at $SPX 4,015.
Should we break below the eight-day moving average, we can head to SPX 3,992.
by David
From the Desk of Kimmy Sokoloff
This week is very busy.
We’ve got tons of economic data, a Fed rate decision on Wednesday, and Big Tech earnings on tap.
by David
From the Desk of Kimmy Sokoloff
That’s four Fridays in a row the market has had a great rally, though there was a decent sell-off in the last half hour of trading.
I had a few stop-outs today, a typical Friday with messy action.
by David
From the Desk of Kimmy Sokoloff
So far, every Friday this month the market has traded higher, with strong gains.
Can we make it a fourth Friday rally in a row?
by David
From the Desk of Kimmy Sokoloff
That was a nice pop this morning, with $SPY trading as high as 404.
I put on a long position in SPY last night at 401. So it was a nice and very welcome good-morning gift.
by David
From the Desk of Kimmy Sokoloff
The market is back to happy mode.
$SPY is trading above 400, and all is well.
by David
From the Desk of Kimmy Sokoloff
This morning $SPY broke below its 200-day moving average at 395.50 and then managed to come back above it.
It shrugged off $MSFT’s earnings report last night.
I call it the comeback kid!
by David
From the Desk of Kimmy Sokoloff
$MSFT reported last night, and, at first, it rallied above $250. And then management had their conference call.
We’ll see how it acts, if dip-buyers show up or it just heads back down to $226.