Today was quite a turnaround.
We went from a bearish pattern to right back on course!
It’s been a choppy week.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Today was quite a turnaround.
We went from a bearish pattern to right back on course!
It’s been a choppy week.
by David
From the Desk of Kimmy Sokoloff
$QQQ dropped yesterday to its 21-day moving average, and $SPY fell to its eight-day moving average at 407.50.
I was looking at $MRK yesterday in the live trading room, and I wish I bought it as it’s up this morning.
by David
From the Desk of Kimmy Sokoloff
It’s a very sloppy market.
Either we’re digesting to head higher or we’re going to head lower right here.
by David
From the Desk of Kimmy Sokoloff
We’ve got the March CPI data coming out at 8:30 a.m. ET.
I have no idea which way the market will swing.
by David
From the Desk of Kimmy Sokoloff
Slim pickings in this market.
There are trades out there.
But we aren’t getting enough follow-through.
by David
From the Desk of Kimmy Sokoloff
Futures up a tad this morning.
The market awaits tomorrow’s CPI print.
by David
From the Desk of Kimmy Sokoloff
Price action was sloppy early and then, around midday, the indices started to trend higher.
The morning trading was trying to squeeze dry lemons.
by David
From the Desk of Kimmy Sokoloff
Happy Monday!
Tech names were strong on Thursday.
We’ll see if we get follow-through. $SPY and $QQQ are flagging at the moment.