From the Desk of Kimmy Sokoloff
I mentioned yesterday in the Live Trading Room that $SPY can head into its gap at 438.97 this week.
The market is happy because all banks passed their stress tests.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
I mentioned yesterday in the Live Trading Room that $SPY can head into its gap at 438.97 this week.
The market is happy because all banks passed their stress tests.
by David
From the Desk of Kimmy Sokoloff
We saw pretty volatile moves in some names.
Fed Chair Jerome Powell spoke, and he has another public appearance tomorrow.
by David
From the Desk of Kimmy Sokoloff
We had a nice ramp up yesterday. I called out $SPY at 434.34 for a move to 436.60 in the Live Trading Room.
The market is pulling in this morning, and Fed Chair Jerome Powell will be speaking at the open.
by David
From the Desk of Kimmy Sokoloff
I mentioned this morning that odds favored a bounce.
$SPY broke above its eight-day moving average and headed higher.
by David
From the Desk of Kimmy Sokoloff
$SPY and $QQQ had played catch-up to $DIA and $IWM, but they’ve moved down to their respective 21-day moving averages.
We’ve been heading lower for a week now, and we have a holiday coming up next week.
The market typically likes to rally before a holiday weekend.
by David
From the Desk of Kimmy Sokoloff
It was a choppy market today, with the indices pulling in.
We’ll see how $SPY handles the 430 area.
by David
From the Desk of Kimmy Sokoloff
It’s a quiet morning so far for the market.
We’ll see how the indices handle their respective moving averages this week.
by David
From the Desk of Kimmy Sokoloff
It was a down week for the indices, which was warranted.
We’ll see if we flag here and head higher or trend down to the 21-day moving averages.
$DIA and $IWM are below their 21-day moving averages, while $SPY and $QQQ are not.