From the Desk of Kimmy Sokoloff
Goodbye, August!
That was a tough month, and we’ll see what September brings.
We’ve seen a big two-day move for the indices, and we still have two days before the long weekend for $SPY to hit 453 and 455.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Goodbye, August!
That was a tough month, and we’ll see what September brings.
We’ve seen a big two-day move for the indices, and we still have two days before the long weekend for $SPY to hit 453 and 455.
by David
From the Desk of Kimmy Sokoloff
The market started the day in consolidation mode then kept trying to break out.
We can still see the push in $SPY to 453.
by David
From the Desk of Kimmy Sokoloff
To all my Floridians out there, be safe.
The indices were up over 1% yesterday.
We’ll see if we rest and pause or head straight to 453 on $SPY.
by David
From the Desk of Kimmy Sokoloff
That was a very big move for the indices today.
Once $SPY broke out of its resistance zone, this one and the others really jumped.
by David
From the Desk of Kimmy Sokoloff
The market is really stuck, and names aren’t appealing to me at the moment.
We’ve drifted lower since early August, and now we have a slight bounce in the indices.
Now we need to see if it continues or we roll back over.
by David
From the Desk of Kimmy Sokoloff
Tough sledding today.
The market is caught between two levels, the eight-day moving average and the 21-day.
I traded small, and I’ll do that the rest of the week.
by David
From the Desk of Kimmy Sokoloff
It’s the last week of August, and the market had a nice recovery on Friday.
We’ll see if $SPY 440 holds for a move back to 444 or not.
by David
From the Desk of Kimmy Sokoloff
It was a very volatile Friday — up, down, and all around.
That makes for tough trading, and I told the people in the Live Trading Room the best you can do is to NOT trade today.
That being said…