From the Desk of Kimmy Sokoloff

I mentioned yesterday in the Live Trading Room that $SPY can head into its gap at 438.97 this week.

The market is happy because all banks passed their stress tests.

From the Desk of Kimmy Sokoloff

We saw pretty volatile moves in some names.

Fed Chair Jerome Powell spoke, and he has another public appearance tomorrow.

From the Desk of Kimmy Sokoloff

We had a nice ramp up yesterday. I called out $SPY at 434.34 for a move to 436.60 in the Live Trading Room.

The market is pulling in this morning, and Fed Chair Jerome Powell...

From the Desk of Kimmy Sokoloff

I mentioned this morning that odds favored a bounce.

$SPY broke above its eight-day moving average and...

From the Desk of Kimmy Sokoloff

$SPY and $QQQ had played catch-up to $DIA and $IWM, but they've moved down to their respective 21-day moving averages.

We've...

From the Desk of Kimmy Sokoloff

It was a choppy market today, with the indices pulling in.

We'll see how $SPY handles the 430 area.

From the Desk of Kimmy Sokoloff

It's a quiet morning so far for the market.

We'll see how the indices handle their respective moving averages this week.

From the Desk of Kimmy Sokoloff

It was a down week for the indices, which was warranted.

We'll see if we flag here and head higher or trend down to the 21-...

From the Desk of Kimmy Sokoloff

Tech pushed higher yesterday.

Let's see if we have follow-through today.

From the Desk of Kimmy Sokoloff

The market's been in consolidation mode, and that continued today -- except for the typical $AAPL/$AMZN...

From the Desk of Kimmy Sokoloff

As I write, $SPY and $QQQ are below their respective eight-day moving averages.

They could potentially be heading down to their 21-day moving averages, which is...

From the Desk of Kimmy Sokoloff

The Nasdaq pulled in the most today, with $QQQ dropping down to its eight-day moving average.

Now, this is...

From the Desk of Kimmy Sokoloff

This morning the market is unchanged.

And we have Fed Chair Jerome Powell speaking at 10:00 a.m. ET.

From the Desk of Kimmy Sokoloff

Trading was pretty sloppy overall, with names struggling for momentum.

Some certainly pulled through, though. 

From the Desk of Kimmy Sokoloff

We had a nice contraction on Friday, and we're indicating lower this morning.

I'll watch to see how $SPY handles the 435 area.

From the Desk of Kimmy Sokoloff

With sloppy Friday action like this, it's about a 50-50 shot we do well.

Happy Father’s Day, and have a great long weekend...

From the Desk of Kimmy Sokoloff

Happy Father’s Day! Have a great long weekend!!

Today is quad witching, so we could see a choppier market and lots of volatility.

From the Desk of Kimmy Sokoloff

I haven't seen a presser of a market like this in a very long time. People are piling in.

It feels like everyone who was late...

From the Desk of Kimmy Sokoloff

The market has a hangover after yesterday's Fed meeting. No rate hike, but Powell might continue to hike down the road.

The indices are extremely overbought. $TGT and $...

From the Desk of Kimmy Sokoloff

After the first hour of trading we were mostly flat.

The Fed did what it had to do, and now we'll watch the markets.

From the Desk of Kimmy Sokoloff

We've got the Fed today, and let's say we sell off.

Even so, it would be a much needed consolidation.

From the Desk of Kimmy Sokoloff

The market was happy with the CPI numbers.

No rest for the weary...

From the Desk of Kimmy Sokoloff

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

I'll hold off on ideas until I see how the market absorbs the data.

From the Desk of Kimmy Sokoloff

New highs for $QQQ once again...

There hasn't been any cooling off for the indices just yet.

We'll...