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.

Question is, will it continue. I'll be watching some of these names.

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.

We'll see what tomorrow brings.

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 the odds of a rate hike at the July 25-26 meeting have increased.

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 be this way.

Looks and feels like most traders have taken the week off.

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 stocks came overnight.

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.

Let's see how its holds today.

From the Desk of Kimmy Sokoloff

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

$DIA and $IWM led the pack.