From the Desk of Kimmy Sokoloff

The market may be in a standstill until after Fed Chair Jerome Powell speaks today.

What I'll be watching for today is whether $SPY can break above 411 and trend back up to 415 or so.

From the Desk of Kimmy Sokoloff

The market was down but pretty much range-bound today.

It was hard to gain traction on the long side, and I was stopped out of a few names.

From the Desk of Kimmy Sokoloff

I mentioned in Friday's Morning Briefing that if $SPY really breaks below 412.88, we can see 408.

SPY traded in that range this morning. Currently, 408 is support.

If we bounce, we can head back up to 411. If not, we can see 405.13.

From the Desk of Kimmy Sokoloff

Mega-Cap Tech hung on today, and so did the market. 

$SPY held yesterday's low and headed higher.

We still can see SPY 421 in time.

From the Desk of Kimmy Sokoloff

Happy Friday!

Well, the tech heavyweights that reported last night had a bumpy evening.

Question is, will $AMZN, $GOOGL, and $AAPL gap and go lower or reverse and bounce?

From the Desk of Kimmy Sokoloff

Markets continued higher today...

And then, around 2:00 p.m. ET, the indices took a much-needed breather.

From the Desk of Kimmy Sokoloff

For some time now, I've said $SPY can touch 410. We're here now.

If we continue to hold on and slightly contract, then SPY can see 421.

From the Desk of Kimmy Sokoloff

What a day... February started off with a bang!

I mentioned in the live trading room that if the market likes what Fed Chair Jerome Powell has to say we can see $SPY 410.

We sure did hit that level... and then some.

From the Desk of Kimmy Sokoloff

Hello, February! Let's see if you can live up to January.

Today is Fed day. I'm  sure we'll see wild swings in both directions initially, and then the market will subside.

From the Desk of Kimmy Sokoloff

We closed January, the first month of the year.

And it's a positive start for 2023.

From the Desk of Kimmy Sokoloff

The market is following through from yesterday's action, and we're gapping lower this morning.

I'm watching support on $SPY at 398.30.

From the Desk of Kimmy Sokoloff

The market sold off most of the day, and, as of now, we're holding at $SPX 4,015.

Should we break below the eight-day moving average, we can head to SPX 3,992.