From the Desk of Kimmy Sokoloff

As far as earnings go, $AMZN and $GOOGL for Big Tech were the weak links.

$QQQ is almost at its peak price.

From the Desk of Kimmy Sokoloff

That was a stick save by $META, and now we have $AMZN tonight.

$QQQ came back above the 316 level I've been talking about inside the live trading room.

From the Desk of Kimmy Sokoloff

If you look under the hood, overall this market is weak.

Without Big Tech, there really isn't too much to talk about, except maybe commodities.

From the Desk of Kimmy Sokoloff

Every day last week the market would dip in the morning and rally in the afternoon.

This week has been the opposite: We've been grinding lower in the afternoons.

From the Desk of Kimmy Sokoloff

Two heavyweights reported earnings yesterday and, as of now, $MSFT came out on top.

Now lets see if it holds on to the gains. 

From the Desk of Kimmy Sokoloff

Today was the first real breakdown for the indices, with $IWM leading the way.

For $SPY and $QQQ it was the first real break below their respective 21-day moving averages.

From the Desk of Kimmy Sokoloff

This market is completely stuck in a range, and we haven't been able to get out of it for at least two weeks.

This morning the indices are back near yesterday’s low.

From the Desk of Kimmy Sokoloff

I think this market might be on hold till Big Tech earnings are behind us.

Time will tell.

From the Desk of Kimmy Sokoloff

We have a big week ahead of us as far as earnings go.

The indices have been holding on for the past two weeks, but we've barely gone anywhere.

From the Desk of Kimmy Sokoloff

Today was monthly options expiration, and it was slim pickings.

Fridays are always hard to trade, as you can see below: not much movement.

From the Desk of Kimmy Sokoloff

What a week, though we've been pretty much range-bound.

Yesterday we started to dip in the late afternoon.

From the Desk of Kimmy Sokoloff

Wild action again today...

We were down in the morning, then we rallied for a bit till about 2:00 p.m. ET, then we had a complete fade into the close.