From the Desk of Kimmy Sokoloff

The market awaits debt ceiling negotiations, and we have quite a few Fed speakers today as well.

We're still in a range, and time will tell which way we break.

From the Desk of Kimmy Sokoloff

The market was full speed ahead today.

And $SPY held on to the 410 support area once again...

From the Desk of Kimmy Sokoloff

We saw a nice late-day rally in the market on Friday.

We're still in the chop zone, and we literally have about 14 Fed speakers this week...

From the Desk of Kimmy Sokoloff

Happy Mother's Day!

$SPY was unable to hold on to the 412 area. We drifted lower all morning. 

From the Desk of Kimmy Sokoloff

This sideways action in the market is tiring.

We do find setups, but I haven't been enthused with most of them.

From the Desk of Kimmy Sokoloff

It was Chop City for the market today.

It will likely pick a direction soon. 

From the Desk of Kimmy Sokoloff

It's just like Tuesday...

With PPI coming up at 8:30 a.m. ET, I'm going to hold off on sharing ideas until I see how the market reacts.

From the Desk of Kimmy Sokoloff

What a day...

$SPY came close to the 415 level I mentioned this morning and then traded below 410.

The recovery was quick due to tech bouncing.

From the Desk of Kimmy Sokoloff

CPI data for April will be released at 8:30 a.m. ET.

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

From the Desk of Kimmy Sokoloff

The market was in a standstill today, awaiting the CPI print on Wednesday.

The indices held on.

Tomorrow might give a clearer picture near term.

From the Desk of Kimmy Sokoloff

$QQQ hit a fresh high yesterday, and this morning we're pulling back.

We could be in a standstill until tomorrow's CPI data. 

From the Desk of Kimmy Sokoloff

It was a real tug of war today for the indices.

$AMD really pushed through, moving more than 5%.