Swing Trader Pro: Morning Briefing (10-06-2022)

JC Parets
October 6, 2022

From the Desk of Kimmy Sokoloff

Yesterday, the market had a nice comeback from the morning lows. This morning, the futures are pulling in some, and, to me, this is still healthy.

Hopefully, we can trend higher or sideways throughout the day.

Here are the names I'm looking at right now ahead of this morning's open:

  • I've been watching $SQ for a few days and spoke about it in the room. I'm looking for it to break above this 62.35 area or so and potentially move to 63.10 and potentially higher. Yesterday, it popped above this area to 62.71 then pulled in, so I'm watching it again.

  • I'm watching $SNOW to see if it can rally above 186 for a potential move to 189.

  • I'm watching $BA for a break above 133.89 for a potential move to 136 then 138.

I'd like to see the $SPY hold onto 374 today if possible. Resistance is up at around 379 to 380, an area we hit yesterday.

I'll see you live at the open.

Here are a couple of key things to remember about what we're doing here.

First, it's important to be in the live chat. As you know, the market has been extremely volatile, and we'll likely continue to see many ups and downs.

What that means practically is that I'll update not just price levels but even particular names we're watching as the market moves.

Second, please understand that the focus of our discussions is simply my opinion.

Your results will vary based on many factors and variables including execution, timing, and market conditions. All of these issues are completely out of my control -- and yours as well.

Our mutual goal is to win more than we will lose and that, by adding some of my strategies, we'll help you boost your overall success.

Remember, the market is on its own schedule and subject to change without notice.

We've had many questions about position and allocation sizes. I will never advise you regarding the amount of risk or portion of your assets you should invest.

All trades are at your own risk and can be discussed with your personal financial advisor at any time should you feel necessary.

Thank you for joining us, and I look forward to working with all of you!

And please each out with any questions.

We'll see you LIVE on the ASC Rangefinder app to start the trading day.

All Star Charts Team

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