Swing Trader Pro: Morning Briefing (10-26-2022)

Here's what I'm watching today:

• I'm watching $GOOGL to see if it can recover from this morning’s dip. I want to see if this name can hold above 98 for a potential move to 100, then 102.

• I'm also watching for potential reversals in extended names, including $STLD, $AMAT, and $ORCL. 

A nice rest/consolidation would be healthy for a potential move up to 3,900 on the $SPX.

We bumped right up to resistance yesterday near 3,868. Now, support is at 3,850, then 3,827. I'd use 380 as support on the $SPY.

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