From the Desk of Kimmy Sokoloff
Tech pushed higher yesterday.
Let’s see if we have follow-through today.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Tech pushed higher yesterday.
Let’s see if we have follow-through today.
by David
From the Desk of Kimmy Sokoloff
The market’s been in consolidation mode, and that continued today — except for the typical $AAPL/$AMZN/$GOOGL/$MSFT rally.
$SPY and $QQQ reclaimed their eight-day moving averages.
by David
From the Desk of Kimmy Sokoloff
As I write, $SPY and $QQQ are below their respective eight-day moving averages.
They could potentially be heading down to their 21-day moving averages, which is roughly 429 on SPY and 354 on QQQ.
by David
From the Desk of Kimmy Sokoloff
The Nasdaq pulled in the most today, with $QQQ dropping down to its eight-day moving average.
Now, this is either a bull flag or we’ll head lower.
by David
From the Desk of Kimmy Sokoloff
This morning the market is unchanged.
And we have Fed Chair Jerome Powell speaking at 10:00 a.m. ET.
by David
From the Desk of Kimmy Sokoloff
Trading was pretty sloppy overall, with names struggling for momentum.
Some certainly pulled through, though.
by David
From the Desk of Kimmy Sokoloff
We had a nice contraction on Friday, and we’re indicating lower this morning.
I’ll watch to see how $SPY handles the 435 area.
by David
From the Desk of Kimmy Sokoloff
With sloppy Friday action like this, it’s about a 50-50 shot we do well.
Happy Father’s Day, and have a great long weekend.