From the Desk of Kimmy Sokoloff

After this morning’s dip lower, the $SPX mostly based around its 200-day moving average.

Overall, it was a tough week. We traded lower the first part of the week, and then came Powell...

From the Desk of Kimmy Sokoloff

We have jobs data being released at 8:30 .m. ET this morning that could set the stage for the indices today.

The market based nicely yesterday. As long as the 200-day moving average on the $SPX at 4,050 holds, there's room for higher prices.

From the Desk of Kimmy Sokoloff

A consolidation day it sure was.

As long as the $SPX hangs on to to 4,050, we have potential to trade higher.

If we break below that level, we run the risk down to 4,034, then 4,020. 

From the Desk of Kimmy Sokoloff

What a day.

The indices rallied off of Powell’s speech, and the $SPX crossed the 200-day moving average. The SPX almost closed its gap at 4,083 back on Sept. 12.

We can trend higher into the 4,120 mark in time.

From the Desk of Kimmy Sokoloff

I think it could be a decision day for the indices, and we're either setting up for a ripper or a decent drop.

The $SPX needs to get above 3,972. If it does, we can see 4,000-plus.

Otherwise, we can see 3,922, then 3,860.

From the Desk of Kimmy Sokoloff

Overall, the market acted weak today.

The $SPX remained below its eight-day moving average, which is at 3,972. This index came close to touching support at 3,933.

From the Desk of Kimmy Sokoloff

Futures are up this morning.

What we want to see if this market is going to head higher is that we get above $SPX 3,977.

Support is at SPX 3,956, then 3,933.

From the Desk of Kimmy Sokoloff

It was a down day for the market. Things felt sleepy, or just a little slow.

People are probably still traveling back from the holiday.

From the Desk of Kimmy Sokoloff

The market is currently pulling into the $SPX 4,000 support level.

If we break below it here, we can head to SPX 3,981.

From the Desk of Kimmy Sokoloff

That was an uneventful day.

The best thing that happened is that I called out a $BA long trade in the live trading room.

$AAPL is down today over news, and I believe that's weighing on the market.

From the Desk of Kimmy Sokoloff

I hope everyone had a nice Thanksgiving!!

Today is a half day of trading, so let's see if the bull still pushes on. 

From the Desk of Kimmy Sokoloff

It was a decent morning for us, a few decent trades to send us off into the holiday!!

The market is trying to breakout, and hopefully we get follow-through on Friday.