From the Desk of Kimmy Sokoloff
Two heavyweights reported earnings yesterday and, as of now, $MSFT came out on top.
Now lets see if it holds on to the gains.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Two heavyweights reported earnings yesterday and, as of now, $MSFT came out on top.
Now lets see if it holds on to the gains.
by David
From the Desk of Kimmy Sokoloff
Today was the first real breakdown for the indices, with $IWM leading the way.
For $SPY and $QQQ it was the first real break below their respective 21-day moving averages.
by David
From the Desk of Kimmy Sokoloff
This market is completely stuck in a range, and we haven’t been able to get out of it for at least two weeks.
This morning the indices are back near yesterday’s low.
by David
From the Desk of Kimmy Sokoloff
I think this market might be on hold till Big Tech earnings are behind us.
Time will tell.
by David
From the Desk of Kimmy Sokoloff
We have a big week ahead of us as far as earnings go.
The indices have been holding on for the past two weeks, but we’ve barely gone anywhere.
by David
From the Desk of Kimmy Sokoloff
Today was monthly options expiration, and it was slim pickings.
Fridays are always hard to trade, as you can see below: not much movement.
by David
From the Desk of Kimmy Sokoloff
What a week, though we’ve been pretty much range-bound.
Yesterday we started to dip in the late afternoon.
by David
From the Desk of Kimmy Sokoloff
Wild action again today…
We were down in the morning, then we rallied for a bit till about 2:00 p.m. ET, then we had a complete fade into the close.