From the Desk of Kimmy Sokoloff

We have some big, heavyweight earnings tonight, with $AMZN and $AAPL reporting.

The market is still pulling in, but August is typically a weak month.

We're in a tough spot, as names are in between.

From the Desk of Kimmy Sokoloff

$SPY dropped down to its 21-day moving average, and $QQQ broke below its own 21-day.

We'll see if this is a one-day wonder or if the Fitch downgrade has more meaning.

From the Desk of Kimmy Sokoloff

After normal trading hours yesterday, Fitch downgraded the US.

As of now, it's been a muted response. We'll see if it turns into something bigger.

I did tell traders last week having a hedge does not hurt.

From the Desk of Kimmy Sokoloff

The market is taking a breather.

We still have a lot of earnings to contend with this week.

From the Desk of Kimmy Sokoloff

We're turning the corner into the last stretch of summer.

The market has been very resilient through all negative news.

From the Desk of Kimmy Sokoloff

Today we close out July, and what a month it's been.

The indices trickled higher continuously throughout.

From the Desk of Kimmy Sokoloff

Futures are up this morning, go figure!

It's like Groundhog Day.

We have another busy earnings week ahead.

From the Desk of Kimmy Sokoloff

It was a nice Friday overall.

It's like yesterday never happened.

From the Desk of Kimmy Sokoloff

We have some important economic data coming out this morning.

The market did an about-face turn yesterday and drifted lower.

We'll see if they want to keep everyone happy on a Friday and push the market higher.

From the Desk of Kimmy Sokoloff

That was a big bounce this morning for the indices...

And then we faded, and gaps are getting filled to the downside.

We all know the market is in need of a breather, but it will do what it wants to do. I did miss some of my own trades today, but traders in the Live Trading Room captured them.

This is the $TGT trade I flubbed. I bought it, I wasn't patient, it ran to my price target, then I bought it back. I told the Live Trading Room it has room to 138!

Today I closed out the $HES shares that I've owned since January. I've bought it and sold it many times throughout the past six months. I can't list all the buys and sells.

From the Desk of Kimmy Sokoloff

The market is happy today, gapping up after the Fed.

Gap-ups are hard, as you don't know if they'll continue or pull in.

From the Desk of Kimmy Sokoloff

The Fed raised a quarter point, but we kinda knew that was coming.

The market, as of now, is all over the place.