From the Desk of Kimmy Sokoloff

We've seen a big gap up in the futures this morning, and we're right at resistance at $SPX 3,800. The next level above is 3,804 to 3,811.

$SPY resistance is at 379.60. Support is at 376.35, then 374.20.

From the Desk of Kimmy Sokoloff

We saw a lot of movement in the indices today.

The $SPX hit resistance near the 50-day moving average around 3,800 and reversed lower but then rallied into the close. 

From the Desk of Kimmy Sokoloff

We have big data out at 8:30 a.m. ET this morning.

As I write, the futures are up. Let's hope they stay that way. 

From the Desk of Kimmy Sokoloff

The market did bounce from the lows at $SPX 3,700, but it was lackluster.

In order for this market to head back up hill, the SPX would have to get above 3,750 and hold it for a move to 3,775.

From the Desk of Kimmy Sokoloff

It's anybody's guess where we go from here.

I think Mr. Market was looking for a glimmer of light from our Fed Chair, and that did not happen.

From the Desk of Kimmy Sokoloff

That was a roller-coaster ride, and a wild one.

After the FOMC meeting the markets took a dive, just like last meeting.

From the Desk of Kimmy Sokoloff

Today is more of a wait-and-see day until the FOMC announcement this afternoon.

From the Desk of Kimmy Sokoloff

Messy action all around today.

The market was up a lot pre-market and gave it all back early morning.

From the Desk of Kimmy Sokoloff

October turned out to be a decent month for the overall market.

Let's see what November brings.

From the Desk of Kimmy Sokoloff

Today was a nice consolidation day, with the indices just chopping around. If the indices can continue to trade sideways, we can hopefully work off overbought levels.

I'd like $SPX 3,835 to hold if this market wants to trend higher.

From the Desk of Kimmy Sokoloff

Happy Halloween!

They pinned the close on Friday on the $SPX at 3,900. The "W" pattern I spoke about a month back seems to be in play. We have resistance now at 3,945.

From the Desk of Kimmy Sokoloff

Apple saved the day, and the market followed along. I mentioned $AAPL in today's Morning Briefing, noting that if it gets above 146.60 it can head to 149.

Well, it surpassed those levels.