From the Desk of Kimmy Sokoloff

It's another new day, and maybe more new highs.

It's getting harder to find longs.

We do get opportunities, but it's more difficult with things stretched like this.

From the Desk of Kimmy Sokoloff

It was kind of a range-bound day, though some names had nice movement.

$IWM and $QQQ led...

From the Desk of Kimmy Sokoloff

We saw decent reversals in a lot of names on Friday. I would think it was warranted, as a lot of names are extended.

I'll watch $SPY to see if it stays below the 449.60 level...

From the Desk of Kimmy Sokoloff

That was a nice pop for the market this morning, and then a quick fade up until lunch time.

Consolidation would be healthy...

From the Desk of Kimmy Sokoloff

We had a few banks report earnings this morning, and they're all ticking higher.

The S&P 500 did touch the 4,500 zone yesterday.

I think a cool-off would be warranted soon.

From the Desk of Kimmy Sokoloff

This market is on a tear and making new highs.

$SPX hit 4,500, a new milestone.

We're extended, but...

From the Desk of Kimmy Sokoloff

We have PPI coming out this morning at 8:30 a.m. ET and a few Fed speakers on the schedule as well.

It looks like $SPY will probably touch 450.

Today, like yesterday, I'...

From the Desk of Kimmy Sokoloff

CPI data for June came out this morning, and the market liked the news.

The indices are flying high.

From the Desk of Kimmy Sokoloff

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

I'll hold off on sharing stock ideas this morning until we have clarity on those numbers.

From the Desk of Kimmy Sokoloff

The market overall was up and away today.

We have CPI data for June coming out at 8:30 a.m. ET and more Fed speakers on the...

From the Desk of Kimmy Sokoloff

Today we have a Fed speaker and tomorrow we have CPI.

$IWM is clearly trying for 190, and all's right with stocks.

From the Desk of Kimmy Sokoloff

It was a mixed day overall, with Big Tech lagging.

$IWM was the clear leader and has potential to 190.

From the Desk of Kimmy Sokoloff

We have a big week ahead of us, with quite a few Fed speakers and CPI.

$SPY and $QQQ reversed lower on Friday, and the oil services sector was on fire.

...

From the Desk of Kimmy Sokoloff

The market ended the week on an up note.

Overall, the indices traded higher and names lifted.

From the Desk of Kimmy Sokoloff

We have data coming out at 8:30 a.m. ET that could potentially move this market.

Not much is striking me today.

From the Desk of Kimmy Sokoloff

I said this morning that if we break the 440 level on $SPY we can see 438.

We hit 437, then we bounced....

From the Desk of Kimmy Sokoloff

$SPY is consolidating up at the 440 level. Should we break it, we can see 438.

The market is digesting the minutes from the June Fed meeting that were released yesterday, and...

From the Desk of Kimmy Sokoloff

It was a slow day today, as you might expect on a Wednesday after a Tuesday holiday in July, and I believe the rest of the week will...

From the Desk of Kimmy Sokoloff

The indices are lower this morning.

We have the release of the minutes from the most recent Fed meeting at 2:00 p.m. ET.

From the Desk of Kimmy Sokoloff

I pointed out in the Live Trading Room how the market might pop first thing in the morning then flatline.

It did just that...

From the Desk of Kimmy Sokoloff

Happy Fourth of July!

After Friday's big gap up, the market is kind of flat this morning.

From the Desk of Kimmy Sokoloff

We saw some big gaps for the indices all around today.

It's hard to take trades when it's like this, as the move in most...

From the Desk of Kimmy Sokoloff

Happy Fourth of July weekend!

Monday is an early close for the market, and today is month-end, quarter-end, and options expiration. $SPY is right into the gap I spoke about all week at 438.97...

From the Desk of Kimmy Sokoloff

It was a very mixed market today, with a lot of weakness.

$DIA and $IWM led the pack.