From the Desk of Kimmy Sokoloff
It’s another new day, and maybe more new highs.
It’s getting harder to find longs.
We do get opportunities, but it’s more difficult with things stretched like this.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
It’s another new day, and maybe more new highs.
It’s getting harder to find longs.
We do get opportunities, but it’s more difficult with things stretched like this.
by David
From the Desk of Kimmy Sokoloff
It was kind of a range-bound day, though some names had nice movement.
$IWM and $QQQ led the way. [Read more…]
by David
From the Desk of Kimmy Sokoloff
We saw decent reversals in a lot of names on Friday. I would think it was warranted, as a lot of names are extended.
I’ll watch $SPY to see if it stays below the 449.60 level.
by David
From the Desk of Kimmy Sokoloff
That was a nice pop for the market this morning, and then a quick fade up until lunch time.
Consolidation would be healthy.
by David
From the Desk of Kimmy Sokoloff
We had a few banks report earnings this morning, and they’re all ticking higher.
The S&P 500 did touch the 4,500 zone yesterday.
I think a cool-off would be warranted soon.
by David
From the Desk of Kimmy Sokoloff
This market is on a tear and making new highs.
$SPX hit 4,500, a new milestone.
We’re extended, but we can stay this way for a while.
by David
From the Desk of Kimmy Sokoloff
We have PPI coming out this morning at 8:30 a.m. ET and a few Fed speakers on the schedule as well.
It looks like $SPY will probably touch 450.
Today, like yesterday, I’ll probably be looking for counter-trend trade shorts. It’s harder at this point to find longs.
by David
From the Desk of Kimmy Sokoloff
CPI data for June came out this morning, and the market liked the news.
The indices are flying high.