From the Desk of Kimmy Sokoloff
Out goes September and in comes October.
We’ve seen that October can be bumpy for the first few weeks and then level out as we approach Halloween.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Out goes September and in comes October.
We’ve seen that October can be bumpy for the first few weeks and then level out as we approach Halloween.
by David
From the Desk of Kimmy Sokoloff
We finally had a bounce…
Now, in order to continue higher, $SPY needs to stay above 432.
by David
From the Desk of Kimmy Sokoloff
What I’ll be looking for today is if $SPY can hold on to the 425.50 area.
We need to defend this area.
Otherwise, we can head quickly down to 420 and then the 200-day moving average at 418.60.
by David
From the Desk of Kimmy Sokoloff
Today $SPY closed the gap I spoke about at 422.92, and we bounced.
We’ll see if we continue higher tomorrow…
by David
From the Desk of Kimmy Sokoloff
As of now, $SPY is holding the 425 area.
We could see a bounce, but I think it would be short-lived.
Again, not a ton of names stand out to me.
by David
From the Desk of Kimmy Sokoloff
It was straight selling all day, no bounces.
$SPY has some support here at 425, then 422.92.
There’s potential for a gap down tomorrow.
by David
From the Desk of Kimmy Sokoloff
Yesterday we saw the market enjoy a decent bounce, but this morning it’s like that move never happened.
The indices are indicating at the lower range.
Once again, not too many names are exciting right now.
by David
From the Desk of Kimmy Sokoloff
Overall, that was a decent bounce today.
We’ll see if it continues through the week.
If we do get a heavy one, $SPY has potential to 438.