From the Desk of Kimmy Sokoloff

First and foremost, a very Happy Thanksgiving to all.

The bull flag pattern I've spoken about is in the process of breaking out. If this continues, this market can head toward $SPX...

From the Desk of Kimmy Sokoloff

The market chopped around the fist half of the day and rallied into the close.

It's still coiling for a bigger move, I'd like...

From the Desk of Kimmy Sokoloff

To me, this market is coiling for the next big move.

As I've mentioned, if we continue to hold $SPX 3,934, there's potential up to SPX 4,020. Until then, this market is very...

From the Desk of Kimmy Sokoloff

That was a very choppy day. And it could potentially be like this all week.

We have multiple Fed speakers this week, with...

From the Desk of Kimmy Sokoloff

A little pull-in for the futures this morning, though we're still hovering around $SPX 3,950.

Currently, we're forming a bull flag on the indices, but I'd like to see SPX 3,934...

From the Desk of Kimmy Sokoloff

Tough action in the market this week.

We started at $SPX 4,008 then dropped down to 3,906. Looks like the...

From the Desk of Kimmy Sokoloff

The indices recaptured their respective eight-day moving averages, and it seems they're forming bull flags.

Maybe now we are on the way to $SPY 403.

From the Desk of Kimmy Sokoloff

Today was like a strange pendulum -- back and forth and up and down and all around.

The $SPY tried hard all...

From the Desk of Kimmy Sokoloff

The S&P futures broke below 3,950, and now they're riding the eight-day moving average at 3,930.

So far, this is a healthy contraction, one that I've been looking for.

From the Desk of Kimmy Sokoloff

What a day.

The market pulled in from this morning's economic data, plus news out on semiconductors didn't help, either.

From the Desk of Kimmy Sokoloff

Looks like we're heading for a flat open for the market as I write this morning.

We're still hovering near the $SPX 4,000 level. Resistance is at 4,037, then 4,062.

From the Desk of Kimmy Sokoloff

The market was holding steady until a news report took the $SPX down to roughly 3,950.

That news report was...

From the Desk of Kimmy Sokoloff

The market dipped in the last hour or so yesterday, though $SPY managed to close above 395.

We've seen a big bounce this morning, and we're back at the top of the range at 399...

From the Desk of Kimmy Sokoloff

The indices consolidated most of the day.

And that's healthy.

From the Desk of Kimmy Sokoloff

Last week was pretty powerful. The indices moved like they were being chased by a bull.

We did hit $SPX 4,000. A slight pause with support at 3,973 would be healthy. Should this...

From the Desk of Kimmy Sokoloff

Well over a month ago, J.C. and I talked in the live trading room about a "W" pattern forming in $SPY.

This...

From the Desk of Kimmy Sokoloff

What a week.

We went from almost heading to the lows to the market trading up to its highest level since September.

From the Desk of Kimmy Sokoloff

What a day.

The S&P 500 and the Nasdaq Composite were both up more than 5%. The market liked the October CPI data and...

From the Desk of Kimmy Sokoloff

CPI data for September was released on October 13 -- the turning point for the market. We trended higher the rest of the month after that news.

Will today's release of CPI data for October (8:30...

From the Desk of Kimmy Sokoloff

It was a rough one for the market today.

Tomorrow's release of CPI data for October (8:30 a.m. ET) is dragging on things.

From the Desk of Kimmy Sokoloff

The futures were not that volatile overnight.

Election night is over, but I we are still waiting for some results.

From the Desk of Kimmy Sokoloff

I mentioned yesterday that we'd see volatility over the next few days, and the market delivered just that today.

After 1:00 p...

From the Desk of Kimmy Sokoloff

Election Day is here, and the market has had a nice rebound off of last week's lows.

We have support on the $SPX at 3,800, and resistance is now at 3,824, then 3,843. $...

From the Desk of Kimmy Sokoloff

The market started off strong and finished even stronger.

We saw a  midday lull, but that was bought up!  The $SPY...