From the Desk of Kimmy Sokoloff

It was a slow day, and the market just drifted lower.

We’ll see what happens tomorrow after the FOMC announcement.

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From the Desk of Kimmy Sokoloff

The indices are stuck under their respective moving averages.

This is making it harder to find opportunities to trade.

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From the Desk of Kimmy Sokoloff

This is a very choppy market.

$SPY bumped up to resistance at 445 then dropped lower.

We can stay volatile this whole week.

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From the Desk of Kimmy Sokoloff

Let’s see what this week brings, as we have the FOMC on Wednesday.

Next support down on $SPY is 440.

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From the Desk of Kimmy Sokoloff

Happy New Year to those who celebrate Rosh Hashanah!

The market took a nosedive today.

And there’s potential for continued weakness next week.

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From the Desk of Kimmy Sokoloff

That was a big day for the market yesterday, but it still felt slow or weak up until noon.

We have potential to see 455 on $SPY if we continue to hold 447.

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From the Desk of Kimmy Sokoloff

The market tracked higher most of the day, with $SPY closing that 449.17 gap I mentioned this morning.

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From the Desk of Kimmy Sokoloff

The market is rallying before the August PPI print at 8:30 a.m. ET. 

There’s a gap on $SPY at 449.17 that could potentially get filled today.

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