From the Desk of Kimmy Sokoloff

For today, we'll watch to see how $SPY handles the eight-day moving average 409.

I think tomorrow's CPI print will set the stage for the remainder of the month.

Did you see what the haters over at The Economist published last week?

Most of you have been around for a while so you already know.

Remember last year when everyone was bearish?

And I mean everyone!

It was funny, there I was telling people it was a new bull...

From the Desk of Kimmy Sokoloff

The market was range-bound today. $SPY traded between 405 and 408.

We have CPI on Tuesday, so that will help...

The largest insider buy on today’s list comes in a Form 4 filing by Bryant R. Riley, the chairman and CEO of B. Riley Financial $RILY.

Riley reported a purchase of $5.4 million worth of RILY stock.

From the Desk of Kimmy Sokoloff

I'll say this again, as I say it in the live trading room often: In a great bull market, you don't see this level of volatility.

This is not to say we can’t come out of this chop and slop. But,...

From the Desk of Kimmy Sokoloff

It was a wild day, once again.

I thought we were going to have movement higher if we were able to break above $SPY...

The largest insider buy on today’s list is a Form 4 filing by Charles Magro, the CEO of chemical and seed company Corteva $CTVA.

Magro reported a purchase of 40,000 shares, equivalent to $2.4 million.

From the Desk of Kimmy Sokoloff

The whipsaws that have been occurring in this market this past year are extreme. One day down, the next back up.

This morning, futures are higher. It's basically negated yesterday's down move...

From the Desk of Kimmy Sokoloff

Volatility reigns!

Overall, the market consolidated but really couldn't decide if it wanted higher or lower.

The most significant insider buy on today's list is a Form 4 filed by Super Micro Computer $SMCI Director Shiu Leung Chan.

Chan reported a $256,440 purchase of SMCI.

From the Desk of Kimmy Sokoloff

The market finished strong yesterday, and we just might need a little breather before the next move.

It starts with credit.

Bottom line.

This isn't crypto where all these shitcoins can go to zero and it won't matter to anyone who...

From the Desk of Kimmy Sokoloff

The market was in wait-and-see mode with Fed Chair Jerome Powell speaking today.

After he spoke, there was a lot of whip.

The most significant insider buy on today’s list is a Form 4 filing by New York Community Bancorp $NYCB Director Ronald A. Rosenfeld.

Rosenfeld reported a purchase of roughly $756,756 in NYCB.

From the Desk of Kimmy Sokoloff

The market may be in a standstill until after Fed Chair Jerome Powell speaks today.

What I'll be watching for today is whether $SPY can break above 411 and trend back up to 415...

From the Desk of Kimmy Sokoloff

The market was down but pretty much range-bound today.

It was hard to gain traction on the long side, and I was stopped out...