From the Desk of Kimmy Sokoloff
Two heavy hitters, $GOOGL and $MSFT, reported last night, and they both traded lower after hours.
Futures seem to be holding steady.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Two heavy hitters, $GOOGL and $MSFT, reported last night, and they both traded lower after hours.
Futures seem to be holding steady.
by David
From the Desk of Kimmy Sokoloff
That was a nice follow-through day for the indices.
The SPX hit resistance around the 3,850 level, and you have the 50-day moving average at roughly 3,868.
by David
From the Desk of Kimmy Sokoloff
The market held overnight, which is a good sign.
We’re now back to the levels seen in early October on the SPX. Support for the $SPY is at 374.8, with resistance at 380, then 386.
by David
From the Desk of Kimmy Sokoloff
We opened up on the indices, and they came back down to fill their respective gaps.
We trended higher the rest of the day, but it was a pretty volatile morning.
by David
From the Desk of Kimmy Sokoloff
The SPX futures popped above 3,800 last night and then retreated.
Now we seem to be climbing back to that area. This 3,800 area will have some resistance, then 3,827.
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by David
From the Desk of Kimmy Sokoloff
Stick save, as they like to say, “and a beauty,” as J.C. would add.
The market held where needed.
by David
From the Desk of Kimmy Sokoloff
We saw a bearish reversal yesterday afternoon in the indices.
For today, I’m watching to see if the SPX can hold 3,638, then 3600. We’d need to get back above 3,689, then 3,700, to head back uphill. The $SPY has support at 363, then 360.
by David
From the Desk of Kimmy Sokoloff
That was a fun day in the live trading room. J.C. joined us, and it was fantastic!!
Now, on to the markets folks.