From the Desk of Kimmy Sokoloff
October turned out to be a decent month for the overall market.
Let’s see what November brings.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
October turned out to be a decent month for the overall market.
Let’s see what November brings.
by David
From the Desk of Kimmy Sokoloff
Today was a nice consolidation day, with the indices just chopping around. If the indices can continue to trade sideways, we can hopefully work off overbought levels.
I’d like $SPX 3,835 to hold if this market wants to trend higher.
by David
From the Desk of Kimmy Sokoloff
Happy Halloween!
They pinned the close on Friday on the $SPX at 3,900. The “W” pattern I spoke about a month back seems to be in play. We have resistance now at 3,945.
by David
From the Desk of Kimmy Sokoloff
Apple saved the day, and the market followed along. I mentioned $AAPL in today’s Morning Briefing, noting that if it gets above 146.60 it can head to 149.
Well, it surpassed those levels.
by David
From the Desk of Kimmy Sokoloff
It was a big earnings night last night, with $AAPL up and $AMZN down.
Futures are negative this morning. I’d like to see the $SPX hold 3,772. To continue higher, we must stay above 3,800 for a potential move to 3,820.
by David
From the Desk of Kimmy Sokoloff
The market took a healthy pause today, and the $SPX held onto 3,800 support. The next level of support is 3,772.
So far this week, the market has shrugged off bad tech earnings. Let’s see what $AAPL and $AMZN bring us tonight.
We’ll also see if the $SPY holds onto 380 and then 378. If not we have room down to 376.55.
by David
From the Desk of Kimmy Sokoloff
Yesterday, the $SPX pushed its way through the 50-day moving average at 3,860, then reversed course to close below it.
I mentioned this is a resistance level where the market might need a breather.
by David
From the Desk of Kimmy Sokoloff
Tech did not lead the way higher.
And the indices still chugged along.