From the Desk of Kimmy Sokoloff

The SPX futures are back above 3,700. That's a level I'd like to see maintained.

And I'd prefer SPX above 3712.

From the Desk of Kimmy Sokoloff

Today was more of a consolidation day for the market. I'd prefer that the SPX hangs onto 3,669, which it did (and hopefully does in the days ahead).

It would be nice if we saw the recent bottom become a tradable low from which we trend higher.

From the Desk of Kimmy Sokoloff

I spoke in the live trading room yesterday about how $NFLX earnings, either good or bad, has not really affected the market recently.

The futures did bounce last night, but this morning we're roughly flat.

From the Desk of Kimmy Sokoloff

The market gapped up this morning and came back to fill yesterday's high.

The market overall bounced off of that gap-fill and held steady until news came out on $AAPL late afternoon.

From the Desk of Kimmy Sokoloff

That was a huge move overnight in the futures market. We're currently trading above gap-fill on the SPX at 3,739.

Now, let's see if we back and fill some.

From the Desk of Kimmy Sokoloff

That was a nice range-bound day for the market overall. The consolidation is healthy.

From the Desk of Kimmy Sokoloff

Overnight, the futures held Friday's lows, and now we're back up against resistance.

Not too many names stand out to me right now, I think maybe because they just keep going back and forth.

From the Desk of Kimmy Sokoloff

It's like Thursday never happened.

I was looking for a consolidation, with a possibility of $SPY 364 to hold roughly.

That was not the case.

From the Desk of Kimmy Sokoloff

Happy Friday.

That was a nice reversal yesterday in the indices. I wouldn't mind a little consolidation today.

From the Desk of Kimmy Sokoloff

What a day.

We went from SPX lows at 3,491 to a close at 3,669. It was nice to be up over 2% versus being down 2% for a change.

From the Desk of Kimmy Sokoloff

As I write this morning, the futures are trading higher, with the SPX at 3,600 ahead of the release of September CPI data.

I'd like to see the SPX hold onto 3,600 and trend higher from here, but time will tell.

The levels to watch on the $SPY are support at 355.71, then 354.15. Resistance is  is 360, then 364.

From the Desk of Kimmy Sokoloff

It was a very uneventful day, even though we had the Fed minutes out at 2:00 p.m. ET.

The $SPY stayed below 360 and held onto the lows at 355.71.