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 today, so that added to the volatility. 

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 market wants to head higher tomorrow. But that could change on a dime with the CPI report.

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 the market pick a direction.

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, at the moment, we're still in the vortex.

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 414.5.

But it was a no-go. We headed back downhill.

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.