From the Desk of Kimmy Sokoloff

We've seen a big gap up in the futures this morning, and we're right at resistance at $SPX 3,800. The next level above is 3,804 to 3,811.

$SPY resistance is at...

From the Desk of Kimmy Sokoloff

We saw a lot of movement in the indices today.

The $SPX hit resistance near the 50-day moving average around...

From the Desk of Kimmy Sokoloff

We have big data out at 8:30 a.m. ET this morning.

As I write, the futures are up. Let's hope they stay that way. 

From the Desk of Kimmy Sokoloff

The market did bounce from the lows at $SPX 3,700, but it was lackluster.

In order for this market to head...

From the Desk of Kimmy Sokoloff

It's anybody's guess where we go from here.

I think Mr. Market was looking for a glimmer of light from our Fed Chair, and that did not happen.

From the Desk of Kimmy Sokoloff

That was a roller-coaster ride, and a wild one.

After the FOMC meeting the markets took a dive, just like last meeting.

From the Desk of Kimmy Sokoloff

Today is more of a wait-and-see day until the FOMC announcement this afternoon.

From the Desk of Kimmy Sokoloff

Messy action all around today.

The market was up a lot pre-market and gave it all back early morning.

From the Desk of Kimmy Sokoloff

October turned out to be a decent month for the overall market.

Let's see what November brings.

From the Desk of Kimmy Sokoloff

Today was a nice consolidation day, with the indices just chopping around. If the indices can continue to trade sideways, we can...

From the Desk of Kimmy Sokoloff

Happy Halloween!

They pinned the close on Friday on the $SPX at 3,900. The "W" pattern I spoke about a month back seems to be in play. We have resistance now at 3,945.

From the Desk of Kimmy Sokoloff

Apple saved the day, and the market followed along. I mentioned $AAPL in today's Morning Briefing, noting that if it...

From the Desk of Kimmy Sokoloff

It was a big earnings night last night, with $AAPL up and $AMZN down.

Futures are negative this morning. I'd like to see the $SPX hold 3,772....

From the Desk of Kimmy Sokoloff

The market took a healthy pause today, and the $SPX held onto 3,800 support. The next level of support is 3,772....

From the Desk of Kimmy Sokoloff

Yesterday, the $SPX pushed its way through the 50-day moving average at 3,860, then reversed course to close below it.

I mentioned this is a resistance level where the market...

From the Desk of Kimmy Sokoloff

Tech did not lead the way higher.

And the indices still chugged along.

From the Desk of Kimmy Sokoloff

Two heavy hitters, $GOOGL and $MSFT, reported last night, and they both traded lower after hours.

Futures seem to be holding steady.

From the Desk of Kimmy Sokoloff

That was a nice follow-through day for the indices.

The SPX hit resistance around the 3,850 level, and you have the 50-day...

From the Desk of Kimmy Sokoloff

The market held overnight, which is a good sign.

We're now back to the levels seen in early October on the SPX. Support for the $SPY is at 374.8, with resistance at 380, then...

From the Desk of Kimmy Sokoloff

We opened up on the indices, and they came back down to fill their respective gaps.

We trended higher the rest of the day,...

From the Desk of Kimmy Sokoloff

The SPX futures popped above 3,800 last night and then retreated.

Now we seem to be climbing back to that area. This 3,800 area will have some resistance, then 3,827.

From the Desk of Kimmy Sokoloff

Stick save, as they like to say, "and a beauty," as J.C. would add.

The market held where needed.

From the Desk of Kimmy Sokoloff

We saw a bearish reversal yesterday afternoon in the indices.

For today, I'm watching to see if the SPX can hold 3,638, then 3600. We'd need to get back above 3,689, then 3,700, to head back...

From the Desk of Kimmy Sokoloff

That was a fun day in the live trading room. J.C. joined us, and it was fantastic!!

Now, on to the markets folks.