From the Desk of Kimmy Sokoloff

It was a big earnings night last night, with $AAPL up and $AMZN down.

Futures are negative this morning. I'd like to see the $SPX hold 3,772. To continue higher, we must stay above 3,800 for a potential move to 3,820.

From the Desk of Kimmy Sokoloff

The market took a healthy pause today, and the $SPX held onto 3,800 support. The next level of support is 3,772.

So far this week, the market has shrugged off bad tech earnings. Let's see what $AAPL and $AMZN bring us tonight.

We'll also see if the $SPY holds onto 380 and then 378. If not we have room down to 376.55.

From the Desk of Kimmy Sokoloff

Yesterday, the $SPX pushed its way through the 50-day moving average at 3,860, then reversed course to close below it.

I mentioned this is a resistance level where the market might need a breather.

From the Desk of Kimmy Sokoloff

Tech did not lead the way higher.

And the indices still chugged along.

From the Desk of Kimmy Sokoloff

Two heavy hitters, $GOOGL and $MSFT, reported last night, and they both traded lower after hours.

Futures seem to be holding steady.

From the Desk of Kimmy Sokoloff

That was a nice follow-through day for the indices.

The SPX hit resistance around the 3,850 level, and you have the 50-day moving average at roughly 3,868.

From the Desk of Kimmy Sokoloff

The market held overnight, which is a good sign.

We're now back to the levels seen in early October on the SPX. Support for the $SPY is at 374.8, with resistance at 380, then 386.

From the Desk of Kimmy Sokoloff

We opened up on the indices, and they came back down to fill their respective gaps.

We trended higher the rest of the day, but it was a pretty volatile morning.

From the Desk of Kimmy Sokoloff

The SPX futures popped above 3,800 last night and then retreated.

Now we seem to be climbing back to that area. This 3,800 area will have some resistance, then 3,827.

From the Desk of Kimmy Sokoloff

Stick save, as they like to say, "and a beauty," as J.C. would add.

The market held where needed.

From the Desk of Kimmy Sokoloff

We saw a bearish reversal yesterday afternoon in the indices.

For today, I'm watching to see if the SPX can hold 3,638, then 3600. We'd need to get back above 3,689, then 3,700, to head back uphill. The $SPY has support at 363, then 360.

From the Desk of Kimmy Sokoloff

That was a fun day in the live trading room. J.C. joined us, and it was fantastic!!

Now, on to the markets folks.