From the Desk of Kimmy Sokoloff
A complete late-day sell-off…
As JC said, February is like a hangover from the last three months.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
A complete late-day sell-off…
As JC said, February is like a hangover from the last three months.
by David
From the Desk of Kimmy Sokoloff
The $SPX was saved by its 21-day moving average around 4,080 and is now trying to hold above its eight-day moving average at 4,124.
Tomorrow is monthly options expiration, so we should see more volatility.
by David
From the Desk of Kimmy Sokoloff
So, either the $VIX is broken or the market is.
The VIX was down more than 15% over the past few days, whereas the market isn’t really moving.
by David
From the Desk of Kimmy Sokoloff
So many names were running higher today, but $SPY just kind of stood still while $QQQ had lift off.
Stock selection is key.
by David
From the Desk of Kimmy Sokoloff
We saw a lot of volatility yesterday.
And the indices managed to hang on to their eight-day moving averages.
[Read more…]
by David
From the Desk of Kimmy Sokoloff
The January CPI data came in a bit warmer than expected, and the market went every which way.
We also had a few Fed speakers today, so that added to the volatility.
by David
From the Desk of Kimmy Sokoloff
Happy Valentine’s Day!
We have the CPI print at 8:30 a.m. ET, and the futures are full speed ahead as I write this.
by David
From the Desk of Kimmy Sokoloff
$SPY broke above its eight-day moving average and trended higher pretty much all day.
It feels like the market wants to head higher tomorrow. But that could change on a dime with the CPI report.