From the Desk of Kimmy Sokoloff

Currently, $SPY is in a trading range between 391.20 and 386.

We can base more before the next move occurs.

From the Desk of Kimmy Sokoloff

It was very whippy price action today in individual names.

We saw a lot of stop outs in the morning, then some recovery later on.

From the Desk of Kimmy Sokoloff

As of this morning we filled a gap on $SPY at 390.65.

If we continue to stay below 390, there's potential to see 386. 

From the Desk of Kimmy Sokoloff

The market took a breather today. $SPY hit 400 and backed off again.

We broke below the 200-day moving average and the eight-day moving average at 393.10. 

From the Desk of Kimmy Sokoloff

We're hovering around the $SPX 4,000 level, and we consolidated nicely yesterday.

Time will tell if this market needs a rest or we continue higher sooner versus later.

From the Desk of Kimmy Sokoloff

The market consolidated most of the day.

$SPY tested its 200-day moving average a few times down at 396.90 and managed to hold. 

From the Desk of Kimmy Sokoloff

The $SPX closed above its 200-day moving average on Friday.

The indices might need consolidation if the market's going to trend higher.

From the Desk of Kimmy Sokoloff

$SPY opened near the middle of yesterday's move at 393.50 and trended higher.

The market held on into the close, a nice way to end Options Friday.

From the Desk of Kimmy Sokoloff

It's Friday the 13th.

We had a few banks report earnings this morning, and as of now they're trading lower.

From the Desk of Kimmy Sokoloff

It was a powerful day in the market. $SPY closed its gap at 396.31 and pushed along.

I said in the live trading room a week back that SPY has potential up to 405, then 410.  

From the Desk of Kimmy Sokoloff

With the December CPI up on deck for release at 8:30 a.m. ET, I think I'll hold off on talking about ideas until the data is released.

Let's see how the market reacts.

From the Desk of Kimmy Sokoloff

The market gapped up nicely and held strong today.

We've got CPI in the morning, so be on your toes.