From the Desk of Kimmy Sokoloff
It’s Friday the 13th.
We had a few banks report earnings this morning, and as of now they’re trading lower.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
It’s Friday the 13th.
We had a few banks report earnings this morning, and as of now they’re trading lower.
by David
From the Desk of Kimmy Sokoloff
It was a powerful day in the market. $SPY closed its gap at 396.31 and pushed along.
I said in the live trading room a week back that SPY has potential up to 405, then 410.
by David
From the Desk of Kimmy Sokoloff
With the December CPI up on deck for release at 8:30 a.m. ET, I think I’ll hold off on talking about ideas until the data is released.
Let’s see how the market reacts.
by David
From the Desk of Kimmy Sokoloff
The market gapped up nicely and held strong today.
We’ve got CPI in the morning, so be on your toes.
by David
From the Desk of Kimmy Sokoloff
Yesterday we saw a lot of whipsaw.
And then we had a slow grind higher to finish the day above the 50-day moving average on $SPY at 389.92.
by David
From the Desk of Kimmy Sokoloff
Lots of volatility today.
We dipped down to $SPY‘s 21-day moving average at 386 and bounced, which was nice.
by David
From the Desk of Kimmy Sokoloff
This morning, $SPY is around the 386 level, which is right at the 21-day moving average.
We have Federal Reserve Chair Jerome Powell speaking early this morning, so the market might be whippy.
by David
From the Desk of Kimmy Sokoloff
Overall, that was a nice move in the market today.
As the day went on, though, the indices did pull in.