From the Desk of Kimmy Sokoloff
Hello, February! Let’s see if you can live up to January.
Today is Fed day. I’m sure we’ll see wild swings in both directions initially, and then the market will subside.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Hello, February! Let’s see if you can live up to January.
Today is Fed day. I’m sure we’ll see wild swings in both directions initially, and then the market will subside.
by David
From the Desk of Kimmy Sokoloff
We closed January, the first month of the year.
And it’s a positive start for 2023.
by David
From the Desk of Kimmy Sokoloff
The market is following through from yesterday’s action, and we’re gapping lower this morning.
I’m watching support on $SPY at 398.30.
by David
From the Desk of Kimmy Sokoloff
The market sold off most of the day, and, as of now, we’re holding at $SPX 4,015.
Should we break below the eight-day moving average, we can head to SPX 3,992.
by David
From the Desk of Kimmy Sokoloff
This week is very busy.
We’ve got tons of economic data, a Fed rate decision on Wednesday, and Big Tech earnings on tap.
by David
From the Desk of Kimmy Sokoloff
That’s four Fridays in a row the market has had a great rally, though there was a decent sell-off in the last half hour of trading.
I had a few stop-outs today, a typical Friday with messy action.
by David
From the Desk of Kimmy Sokoloff
So far, every Friday this month the market has traded higher, with strong gains.
Can we make it a fourth Friday rally in a row?
by David
From the Desk of Kimmy Sokoloff
That was a nice pop this morning, with $SPY trading as high as 404.
I put on a long position in SPY last night at 401. So it was a nice and very welcome good-morning gift.