Swing Trader Pro: Morning Briefing (10-11-2022)

JC Parets
October 11, 2022

From the Desk of Kimmy Sokoloff

As of 6:00 a.m. ET $SPY was trading at 356, below the most recent low of 357. We have since bounced.

As we know, this can all change by the time the market opens.

I'm watching to see if this 357 on SPY holds. Otherwise, there's room down to 352.

I'm watching a lot of names right now:

  • $BA was a good long yesterday, and it's still on my radar if it can get back above 133.89 for a move to 136 then 138.

  • I like $CLF long for a potential move to 16.30 then 16.60.

  • I'm watching $AAPL for a break above 143 for a potential move to 145.

  • I'm keeping my eye on $TGT above 153.80 for a potential move to 155.40. 

Now we need the wind behind our backs to get them going.

I'll see you in the live trading room 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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