From the Desk of Kimmy Sokoloff

Some would say this is a big week.

With the Fed's Jackson Hole Economic Symposium on deck, all eyes will be on Jerome Powell.

Now we need to see if this rally lasts.

If so,...

From the Desk of Kimmy Sokoloff

After a volatile week finally Friday is here.

We had a few good trades to end the week.

From the Desk of Kimmy Sokoloff

Inflation worries, higher yields, and the dollar rising typically spells trouble for equities.

I mentioned in the Live Trading Room yesterday that if the S&P 500  breaks 4,400 we can see 4,...

From the Desk of Kimmy Sokoloff

This is a tough market.

We'll see if they hold 439 on $SPY.

From the Desk of Kimmy Sokoloff

The indices have been heading lower for two weeks now.

Will we have a dead-cat bounce or continue lower? That's the question.

If they want, they can send the indices down another 5%.

From the Desk of Kimmy Sokoloff

August and September are not for the faint of heart.

After the release of the July FOMC minutes today the market headed...

From the Desk of Kimmy Sokoloff

$SPY finally closed its gap down to 442.97.

There are lots of gaps below, but I was looking for this nearby gap to get filled.

Today we have the minutes from the July...

From the Desk of Kimmy Sokoloff

The market pretty much drifted lower all day.

It erased yesterday's bounce, and $SPY closed to its...

From the Desk of Kimmy Sokoloff

The indices ran right to resistance yesterday only to get slammed overnight.

It's a little bit of a tug of war right here between the bulls and the bears.

From the Desk of Kimmy Sokoloff

$SPY and $QQQ are stuck under a lot of resistance levels.

There's a possibility we break...

From the Desk of Kimmy Sokoloff

It should be a little bit of a calm week, although we do get retail sales coming up.

Typically in mid-August we get a bounce.

$SPY still hasn't closed its gap below at...

From the Desk of Kimmy Sokoloff

What a week it's been, straight down for the indices.

Maybe next week we get that mid-August bounce.

Today I had...

From the Desk of Kimmy Sokoloff

We have PPI out this morning, and CPI yesterday didn't bode well for the market.

We really haven't had a market rally in over a week. The market tried yesterday but failed.

From the Desk of Kimmy Sokoloff

The rally we had this morning completely faded.

We're still stuck under major resistance.

The more time we spend...

From the Desk of Kimmy Sokoloff

The indices had a dead-cat bounce yesterday afternoon, then rolled back over.

We have CPI data for July coming out at 8:30 a.m. ET.

I'll wait till after the print to see how things look...

From the Desk of Kimmy Sokoloff

This morning I mentioned in the Live Trading Room that if we fill the gap on $QQQ down to 368.63 we can potentially...

From the Desk of Kimmy Sokoloff

It's been slim pickings with regard to stocks to trade, as the indices are in a holding pattern.

I'm sure they'll pick a direction soon.

As we know, August is typically a bumpy month, as...

From the Desk of Kimmy Sokoloff

It was a tough day today, with a lot of stop-outs.

The indices are still stuck under their respective resistance zones....

From the Desk of Kimmy Sokoloff

Moody’s hampered the mood of the market by downgrading a few of the banks' credit ratings.

Late in the day yesterday, $QQQ started to lift higher, but that's a no-go this...

From the Desk of Kimmy Sokoloff

We have a little bit of a give and take here.

The indices are below their respective resistance levels and, as of now, they'...

From the Desk of Kimmy Sokoloff

Well, late in the afternoon on Friday the markets took a nosedive.

We'll see how we close this week and whether we stay below resistance levels on the indices.

From the Desk of Kimmy Sokoloff

We got a little reprieve from the selling today.

We'll see how the indices handle their respective resistance levels.

From the Desk of Kimmy Sokoloff

$AMZN had good earnings, $AAPL not so much.

Futures are up some, but it's been a bumpy week.

From the Desk of Kimmy Sokoloff

We have $AMZN and $AAPL earnings after the close.

It was a real tug of war for the indices...