From the Desk of Kimmy Sokoloff

Happy New Year, and welcome to 2023!

What I try to do at the start of the year is to not allow my bias cloud my judgment. I try to stay focused on price and let the market guide me. I'm not...

From the Desk of Kimmy Sokoloff

First and foremost, a very happy and healthy New Year to all! Wishing you and your family a year of happiness, health, and prosperity...

From the Desk of Kimmy Sokoloff

I've said many times that this market is not for the faint of heart.

The $SPX broke 3,800. Next support is at 3,780, then 3,764. Resistance is at 3,840.

From the Desk of Kimmy Sokoloff

The indices dropped all morning long.

Santa has not come to town just yet.

From the Desk of Kimmy Sokoloff

The indices kind of went nowhere yesterday.

$SPY would need to recapture 385 in order for the market to trend higher.

From the Desk of Kimmy Sokoloff

That was a very slow day.

Fortunately, we did have some decent winners inside the live trading room.

From the Desk of Kimmy Sokoloff

Futures are indicating higher this morning. I'll be watching to see how they hold up.

It's a short week, and probably a light week as far as trading volume.

From the Desk of Kimmy Sokoloff

Happy Holidays to all!

The Santa Claus rally begins today, and the market did a decent reversal yesterday from the lows. What a save.

Now, for today, I'd like to see $SPX...

From the Desk of Kimmy Sokoloff

Yesterday was a one-hit wonder for longs. Today was pretty ugly.

The market is showing who's in charge.

The $...

From the Desk of Kimmy Sokoloff

Futures down some after yesterday's nice move to the upside.

It could be a consolidation day, but I would like $SPX 3,850 held today. 

From the Desk of Kimmy Sokoloff

In today's Morning Briefing, I wrote about $SPY and $TQQQ trade ideas.

Both targets were...

From the Desk of Kimmy Sokoloff

As I write this note, the futures are gapping higher.

The cash index could open roughly at $SPX 3,850 -- that is, as long as we stay higher.

From the Desk of Kimmy Sokoloff

We saw a decent snapback in the market early today then a late-morning fade.

This $SPX 3,800 level is...

From the Desk of Kimmy Sokoloff

The futures were wild last night after the Bank of Japan intervention and then steadily crawled their way back.

I'm watching 378 on $SPY. Should we break below that level, we...

From the Desk of Kimmy Sokoloff

We filled the gap down on the $SPX at 3,818 and the market continued lower.

$QQQ closed its...

From the Desk of Kimmy Sokoloff

Let's see what this week brings.

If the $SPX can hold on to 3,800 roughly, there's potential for a back-test up to 3,940 or so.

If not, then we head down to 3,744.

From the Desk of Kimmy Sokoloff

Today $SPY filled its gap from the Nov. 10 CPI print.

We're currently below the major moving averages.

From the Desk of Kimmy Sokoloff

Another gap lower for the indices this morning. I'll be watching to see if the $SPX can hold 3,861 or so.

I was looking for a gap down. Now we'll see if we can get a bounce....

From the Desk of Kimmy Sokoloff

The market opened lower and continued on that path all day.

It was a tough day, and I tried to manage risk.

The...

From the Desk of Kimmy Sokoloff

The market is continuing yesterday's slide after Fed Chair Powell’s speech.

For today, I'm watching the 21-day moving average on $SPY at 396.40. We're slightly below it.

From the Desk of Kimmy Sokoloff

We saw a lot of volatility after the FOMC meeting today.

We dropped below $SPX 4,000 before quickly bouncing...

From the Desk of Kimmy Sokoloff

We have the FOMC decision and Fed Chair Powell up at bat today.

I guess the market will be judging Powell's overall tone to see if and when the Fed will start to pivot.

From the Desk of Kimmy Sokoloff

November CPI came in better than expected, and the market was up over 2% at the open then drifted lower all morning.

The...

From the Desk of Kimmy Sokoloff

Futures are up big this morning. Now we'll see what the November CPI data brings this morning at 8:30 a.m. ET.

The $SPX futures are trading roughly at their 200-day moving...