Swing Trader Pro: Afternoon Briefing (10-14-2022)

Here are today's winning trades:

• I bought $VTI at 181.42 and sold it at 182.41.
• I bought $INTC at 26.13 and sold it at 26.14; the market was heading lower, so I was just steering clear.
• I bought $TGT at 147.30 and sold it at 147.60 -- that's a scalp trade.
• I bought $TGT at 147.10 and sold it at 147.40 -- another scalp.
• I bought $SPY at 359.30 and sold it at 360.20.

I recommended in the room another $SPY trade at 360.30, and it ran to 363.50. I guided STPers in and out.

I booked three losers today: 

• I bought $BA at 135.8 at got stopped out at 133. I told the room I was small in this name.
• I shorted $WFC at 43.30 and covered at 43.79. I was looking for gap-fill below. 
• I shorted $JPM at 111.05 and covered at 111.60. I was looking for gap-fill.

I'll be adding $SDS and $SQQQ long just in case for weekend protection; I'd rather get stopped out.

I have one open position that I'll carry into Monday:

• I bought $VTI in the morning and will hold it for longer-term potential. (The VTI trade above was the second trade in this name.)

Simply put, it was terrible trading today. I was able to salvage my day by trading $SPY, $TGT, and $VTI.

I don't like to trade often on Fridays, and I should have listened to myself. Bad trading overall, a few winners and more losers.

Now, what becomes of next week is anyone's guess. Do we gap down or not?

We'll see you live at the open on Monday to start the trading day.

And please reach out with any questions.

All Star Charts Team