Uncle Warren strikes again…

Berkshire Hathaway $BRK.A has filed another Form 4 for Occidental Petroleum $OXY, this time revealing a purchase worth $201 million.

From the Desk of Kimmy Sokoloff

$SPY broke the February 2 highs, and we're almost at the 421.22 gap-fill.

Maybe we see that level today.

From the Desk of Kimmy Sokoloff

It was a wild day in the market.

We ran right to resistance on $SPY at 417.50 and moved a tad higher from...

The largest insider buy on today’s list comes in a Form 4 filing by Kelcy Warren, co-founder and executive chairman of Energy Transfer $ET.

Warren reported an additional purchase...

From the Desk of Kimmy Sokoloff

Yesterday we broke out of this sideways channel on $SPY, and this morning the market is gapping up.

We have near-term resistance at 417.50 or so, which was the May 1 high.

Sector Rotation is the life blood of a bull market.

In the back half of last year, almost everything was working - except for some growth stocks and Tech.

...

From the Desk of Kimmy Sokoloff

The market was full speed ahead, again, and we closed a gap above at $SPY 415.27.

SPY held support at 410...

Fresh off their annual meeting, Warren Buffett’s Berkshire Hathaway takes the spotlight on today’s hot list.

Buffett and Berkshire continue to accumulate shares of Occidental Petroleum $OXY, disclosing yet another purchase, this one worth...

From the Desk of Kimmy Sokoloff

Talks over the debt ceiling are still going on, and the futures are higher in hopes of an outcome.

The 410 area has been a solid support level for $SPY. We've broken below there...

From the Desk of Kimmy Sokoloff

And, once again, this market is range-bound...

There are still opportunities out there, you just have to look for them.

The largest insider buy on today's list comes in a Form 4 filed by the co-founder and executive vice-president of DISH Network Corporation $DISH, James DeFranco.

DeFranco revealed a purchase of $18.5 million worth of DISH shares.

From the Desk of Kimmy Sokoloff

The market awaits debt ceiling negotiations, and we have quite a few Fed speakers today as well.

We're still in a range, and time will tell which way we break.

From the Desk of Kimmy Sokoloff

The market was full speed ahead today.

And $SPY held on to the 410 support area once again...

This is what almost everyone I speak to tells me is going to happen.

They expect a failure up here in the S&P500, an inability to make new highs and instead, just an...

The largest insider transaction on today’s list is a Form 4 filing by Coliseum Capital Management LLC.

The hedge fund reported a purchase worth roughly $3.4 million in ModivCare $MODV.

From the Desk of Kimmy Sokoloff

We saw a nice late-day rally in the market on Friday.

We're still in the chop zone, and we literally have about 14 Fed speakers this week...

From the Desk of Kimmy Sokoloff

Happy Mother's Day!

$SPY was unable to hold on to the 412 area. We drifted lower all morning.