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...

From the Desk of Kimmy Sokoloff

I mentioned in Friday's Morning Briefing that if $SPY really breaks below 412.88, we can see 408.

SPY traded in that range this morning. Currently, 408 is support.

If we...

From the Desk of Kimmy Sokoloff

Mega-Cap Tech hung on today, and so did the market. 

$SPY held yesterday's low and headed higher.

We...

From the Desk of Kimmy Sokoloff

Happy Friday!

Well, the tech heavyweights that reported last night had a bumpy evening.

Question is, will $AMZN, $GOOGL, and $AAPL gap...

From the Desk of Kimmy Sokoloff

Markets continued higher today...

And then, around 2:00 p.m. ET, the indices took a much-needed breather.

From the Desk of Kimmy Sokoloff

For some time now, I've said $SPY can touch 410. We're here now.

If we continue to hold on and slightly contract, then SPY can see 421.

From the Desk of Kimmy Sokoloff

What a day... February started off with a bang!

I mentioned in the live trading room that if the market likes what Fed Chair...

From the Desk of Kimmy Sokoloff

Hello, February! Let's see if you can live up to January.

Today is Fed day. I'm  sure we'll see wild swings in both directions initially, and then the market will subside.

From the Desk of Kimmy Sokoloff

We closed January, the first month of the year.

And it's a positive start for 2023.

From the Desk of Kimmy Sokoloff

The market is following through from yesterday's action, and we're gapping lower this morning.

I'm watching support on $SPY at 398.30.

From the Desk of Kimmy Sokoloff

The market sold off most of the day, and, as of now, we're holding at $SPX 4,015.

Should we break below the...

From the Desk of Kimmy Sokoloff

This week is very busy.

We've got tons of economic data, a Fed rate decision on Wednesday, and Big Tech earnings on tap.

From the Desk of Kimmy Sokoloff

That's four Fridays in a row the market has had a great rally, though there was a decent sell-off in the last half hour of trading...

From the Desk of Kimmy Sokoloff

So far, every Friday this month the market has traded higher, with strong gains.

Can we make it a fourth Friday rally in a row?

From the Desk of Kimmy Sokoloff

That was a nice pop this morning, with $SPY trading as high as 404.

I put on a long position in SPY last...

From the Desk of Kimmy Sokoloff

The market is back to happy mode.

$SPY is trading above 400, and all is well.

From the Desk of Kimmy Sokoloff

This morning $SPY broke below its 200-day moving average at 395.50 and then managed to come back above it.

...

From the Desk of Kimmy Sokoloff

$MSFT reported last night, and, at first, it rallied above $250. And then management had their conference call.

We'll see how it acts, if dip-buyers show up or it just heads...

From the Desk of Kimmy Sokoloff

There was a major glitch at the New York Stock Exchange today, and it really did a number on the opening of the market.

...

From the Desk of Kimmy Sokoloff

The futures are indicating lower this morning. A healthy digesting is warranted.

I'd like to see 396, roughly, held over the next few days on $SPY.

If we push past 402...

From the Desk of Kimmy Sokoloff

I mentioned in this morning's note that $SPY had a date with 400.

We hit that level and ran to 402.60, which...

From the Desk of Kimmy Sokoloff

It looks like $SPY has a date with 400, as long as 392.75 holds.

That was a powerful day on Friday. The buyers stepped in.

From the Desk of Kimmy Sokoloff

This is the third Friday in a row that we've had a melt-up.

We closed the gaps on the indices, and away we went.