From the Desk of Kimmy Sokoloff

The market is jittery this morning as we await more economic data, more importantly inflation data.

In January, Fridays were very strong. In February, Fridays have overall traded higher but very...

From the Desk of Kimmy Sokoloff

This morning the market popped.

Then it faded most of the day until about 1:00 p.m. ET, when the rally started, right off of...

From the Desk of Kimmy Sokoloff

As I write this note, the only reason the market is up is because of $NVDA’s earnings.

We have GDP today, and that might change the tune. Hopefully, we continue to hold...

From the Desk of Kimmy Sokoloff

$SPY struggled all day to stay above the 400 level.

Now we have support at 396.76. If we break that, we can...

From the Desk of Kimmy Sokoloff

We've got FOMC minutes coming today, so let's be on our toes.

We still run the risk that the $SPX can head down to 3,950.

From the Desk of Kimmy Sokoloff

The $SPX was down more than 1.5% today, but it was a slow and steady grind lower.

I didn't trade much today...

From the Desk of Kimmy Sokoloff

We're seeing a decent gap down into the $SPX 4,050 zone. If we break this, we can see 4,020.

We have support on $SPY at 402.65.

From the Desk of Kimmy Sokoloff

That was some sloppy action today, and the market is showing weakness.

Let's see if we level out next week.

Support...

From the Desk of Kimmy Sokoloff

A complete  late-day sell-off...

As JC said, February is like a hangover from the last three months.

From the Desk of Kimmy Sokoloff

The $SPX was saved by its 21-day moving average around 4,080 and is now trying to hold above its eight-day moving...

From the Desk of Kimmy Sokoloff

So, either the $VIX is broken or the market is.

The VIX was down more than 15% over the past few days, whereas the market isn't really moving.

From the Desk of Kimmy Sokoloff

So many names were running higher today, but $SPY just kind of stood still while $QQQ had lift off...

From the Desk of Kimmy Sokoloff

We saw a lot of volatility yesterday.

And the indices managed to hang on to their eight-day moving averages. 

From the Desk of Kimmy Sokoloff

The January CPI data came in a bit warmer than expected, and the market went every which way.

We also had a few Fed speakers...

From the Desk of Kimmy Sokoloff

Happy Valentine's Day!

We have the CPI print at 8:30 a.m. ET, and the futures are full speed ahead as I write this.

From the Desk of Kimmy Sokoloff

$SPY broke above its eight-day moving average and trended higher pretty much all day.

It feels like the...

From the Desk of Kimmy Sokoloff

For today, we'll watch to see how $SPY handles the eight-day moving average 409.

I think tomorrow's CPI print will set the stage for the remainder of the month.

From the Desk of Kimmy Sokoloff

The market was range-bound today. $SPY traded between 405 and 408.

We have CPI on Tuesday, so that will help...

From the Desk of Kimmy Sokoloff

I'll say this again, as I say it in the live trading room often: In a great bull market, you don't see this level of volatility.

This is not to say we can’t come out of this chop and slop. But,...

From the Desk of Kimmy Sokoloff

It was a wild day, once again.

I thought we were going to have movement higher if we were able to break above $SPY...

From the Desk of Kimmy Sokoloff

The whipsaws that have been occurring in this market this past year are extreme. One day down, the next back up.

This morning, futures are higher. It's basically negated yesterday's down move...

From the Desk of Kimmy Sokoloff

Volatility reigns!

Overall, the market consolidated but really couldn't decide if it wanted higher or lower.

From the Desk of Kimmy Sokoloff

The market finished strong yesterday, and we just might need a little breather before the next move.

From the Desk of Kimmy Sokoloff

The market was in wait-and-see mode with Fed Chair Jerome Powell speaking today.

After he spoke, there was a lot of whip.