From the Desk of Kimmy Sokoloff
For today, we’ll watch to see how $SPY handles the eight-day moving average 409.
I think tomorrow’s CPI print will set the stage for the remainder of the month.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
For today, we’ll watch to see how $SPY handles the eight-day moving average 409.
I think tomorrow’s CPI print will set the stage for the remainder of the month.
by David
From the Desk of Kimmy Sokoloff
The market was range-bound today. $SPY traded between 405 and 408.
We have CPI on Tuesday, so that will help the market pick a direction.
by David
From the Desk of Kimmy Sokoloff
I’ll say this again, as I say it in the live trading room often: In a great bull market, you don’t see this level of volatility.
This is not to say we can’t come out of this chop and slop. But, at the moment, we’re still in the vortex.
by David
From the Desk of Kimmy Sokoloff
It was a wild day, once again.
I thought we were going to have movement higher if we were able to break above $SPY 414.5.
But it was a no-go. We headed back downhill.
by David
From the Desk of Kimmy Sokoloff
The whipsaws that have been occurring in this market this past year are extreme. One day down, the next back up.
This morning, futures are higher. It’s basically negated yesterday’s down move.
by David
From the Desk of Kimmy Sokoloff
Volatility reigns!
Overall, the market consolidated but really couldn’t decide if it wanted higher or lower.
by David
From the Desk of Kimmy Sokoloff
The market finished strong yesterday, and we just might need a little breather before the next move.
by David
From the Desk of Kimmy Sokoloff
The market was in wait-and-see mode with Fed Chair Jerome Powell speaking today.
After he spoke, there was a lot of whip.