From the Desk of Kimmy Sokoloff
What a week.
We went from almost heading to the lows to the market trading up to its highest level since September.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
What a week.
We went from almost heading to the lows to the market trading up to its highest level since September.
by David
From the Desk of Kimmy Sokoloff
What a day.
The S&P 500 and the Nasdaq Composite were both up more than 5%. The market liked the October CPI data and also what Fed speakers had to say.
by David
From the Desk of Kimmy Sokoloff
CPI data for September was released on October 13 — the turning point for the market. We trended higher the rest of the month after that news.
Will today’s release of CPI data for October (8:30 a.m. ET) be a turning point where we trend lower? Do we bounce, even temporarily? It’s anybody’s guess.
by David
From the Desk of Kimmy Sokoloff
It was a rough one for the market today.
Tomorrow’s release of CPI data for October (8:30 a.m. ET) is dragging on things.
by David
From the Desk of Kimmy Sokoloff
The futures were not that volatile overnight.
Election night is over, but I we are still waiting for some results.
[Read more…]
by David
From the Desk of Kimmy Sokoloff
I mentioned yesterday that we’d see volatility over the next few days, and the market delivered just that today.
After 1:00 p.m. ET the market took a nosedive. Then it started to level off and even rallied into the close.
by David
From the Desk of Kimmy Sokoloff
Election Day is here, and the market has had a nice rebound off of last week’s lows.
We have support on the $SPX at 3,800, and resistance is now at 3,824, then 3,843. $SPY support is at 378.20, then 376.55. Resistance is at 383.29.
by David
From the Desk of Kimmy Sokoloff
The market started off strong and finished even stronger.
We saw a midday lull, but that was bought up! The $SPY broke above its 50-day moving average at roughly 379.