From the Desk of Ian Culley @IanCulley

Price must hold above key support levels when defining a range or uptrend.

It might sound simple. Yet investors often sideline these crucial levels in favor of the latest headline.

...

From the Desk of Kimmy Sokoloff

As of now, $SPY and $QQQ are consolidating.

$IWM looks dreadful.

And anything can change by Monday. 

From the Desk of Kimmy Sokoloff

Happy Friday the 13th!

The market really shifted directions yesterday, and $IWM led the way lower.

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

Markets have been able to stage a significant rebound off the lows from last week.

After some massive bullish engulfing candles Friday, the major averages...

From the Desk of Kimmy Sokoloff

That was a wild day for the market.

In the pre-market $SPY hit my target of 438.40 that I mentioned all week.

Unfortunately, we couldn't hit that...

From the Desk of Kimmy Sokoloff

We have CPI data for September this morning.

I mentioned last week that we could see $SPY at the 438.40 gap.

We're here this morning.

This is the video recording of the October 11, 2023, Hot Corner Insider Weekly Strategy Session.

From the Desk of Kimmy Sokoloff

The indices traded sideways most of the morning.

Tomorrow we have CPI data for September, so we might see whipsaws.

From the Desk of Ian Culley @IanCulley

Price doesn’t move in a straight line.

Just don’t tell the US dollar, which has managed to post positive gains for...