From the Desk of Kimmy Sokoloff

Currently, $SPY is in a trading range between 391.20 and 386.

We can base more before the next move occurs.

From the Desk of Kimmy Sokoloff

It was very whippy price action today in individual names.

We saw a lot of stop outs in the morning, then some recovery later...

From the Desk of Kimmy Sokoloff

As of this morning we filled a gap on $SPY at 390.65.

If we continue to stay below 390, there's potential to see 386. 

From the Desk of Kimmy Sokoloff

The market took a breather today. $SPY hit 400 and backed off again.

We broke below the 200-day moving...

From the Desk of Kimmy Sokoloff

We're hovering around the $SPX 4,000 level, and we consolidated nicely yesterday.

Time will tell if this market needs a rest or we continue higher sooner versus later.

From the Desk of Kimmy Sokoloff

The market consolidated most of the day.

$SPY tested its 200-day moving average a few times down at 396.90...

From the Desk of Kimmy Sokoloff

The $SPX closed above its 200-day moving average on Friday.

The indices might need consolidation if the market's going to trend higher.

From the Desk of Kimmy Sokoloff

$SPY opened near the middle of yesterday's move at 393.50 and trended higher.

The market held on into the...

From the Desk of Kimmy Sokoloff

It's Friday the 13th.

We had a few banks report earnings this morning, and as of now they're trading lower.

From the Desk of Kimmy Sokoloff

It was a powerful day in the market. $SPY closed its gap at 396.31 and pushed along.

I said in the live...

From the Desk of Kimmy Sokoloff

With the December CPI up on deck for release at 8:30 a.m. ET, I think I'll hold off on talking about ideas until the data is released.

Let's see how the market reacts.

From the Desk of Kimmy Sokoloff

The market gapped up nicely and held strong today.

We've got CPI in the morning, so be on your toes.

From the Desk of Kimmy Sokoloff

Yesterday we saw a lot of whipsaw.

And then we had a slow grind higher to finish the day above the 50-day moving average on $SPY at 389.92.

From the Desk of Kimmy Sokoloff

Lots of volatility today.

We dipped down to $SPY's 21-day moving average at 386 and bounced, which was nice...

From the Desk of Kimmy Sokoloff

This morning, $SPY is around the 386 level, which is right at the 21-day moving average.

We have Federal Reserve Chair Jerome Powell speaking early this morning, so the market...

From the Desk of Kimmy Sokoloff

Overall, that was a nice move in the market today.

As the day went on, though, the indices did pull in.

From the Desk of Kimmy Sokoloff

This morning, $SPY is above its 50-day moving average at 389.61. I'll be watching this level closely.

If we can hold it, there's potential to 396.

From the Desk of Kimmy Sokoloff

That was a nice push in the market today.

$SPY finally closed its gap to 387.89.

From the Desk of Kimmy Sokoloff

We've got big economic data coming out at 8:30 a.m. ET, the December nonfarm payrolls report.

So, whatever I write, it might be a moot point very soon.

From the Desk of Kimmy Sokoloff

This market can't seem to get out of its own way.

Just when you think it can head uphill, we have a rug-pull.

Today...

From the Desk of Kimmy Sokoloff

Futures are up a tad this morning.

What I'm looking for is $SPY to push past 386 and head to 387.80.

Support is at 382.70.

From the Desk of Kimmy Sokoloff

Overall it was a decent day for the indices, considering we had data out at 10 a.m. ET and then FOMC minutes at 2 p.m.

I'd...

From the Desk of Kimmy Sokoloff

S&P futures are indicating at the 3,850 mark.

We need to maintain that level in order for this index to head higher.

From the Desk of Kimmy Sokoloff

We saw a nice pop in the morning and then a hard fade pretty much right after the market opened. Feels like a repeat of last year....