Swing Trader Pro: Afternoon Briefing (09-27-2022)

The S&P 500 hit the June lows, and now the question is whether it will hold.

I'm taking a shot long on $SPY overnight, a small position. I'm basically testing the waters just to see if anything sticks.

Here's a recap of how I traded today:

• I traded $QQQ quickly for a buck.
• I traded $COIN long at 66.69. I sold half at 67.40 but took a loss on the rest at 65.10.
• I sold $WYNN this morning from yesterday's trade at 68.80, which was a target.
• I was long $AMD overnight and my target was 69.10; I didn't hit it, so I sold at 68.70, which was roughly yesterday's high, a 50-cent gain.
• I went long $XOM and $VLO. I could have taken profits on both; they were up 50 cents each. I was trying to see if I could capture more of a trade but instead sold for a small loss.

I'm keeping my trades tight and small until this market can prove itself.

We'll see you live tomorrow morning to open the day's trading.

Please reach out with any questions.

All Star Charts Team