Swing Trader Pro: Morning Briefing (10-28-2022)

JC Parets
October 28, 2022

From the Desk of Kimmy Sokoloff

It was a big earnings night last night, with $AAPL up and $AMZN down.

Futures are negative this morning. I'd like to see the $SPX hold 3,772. To continue higher, we must stay above 3,800 for a potential move to 3,820.

Here's what I'm looking at right now:

  • I'm watching $AMAT to see if it stays below 86 for a potential move down to 85.10.

If you have an interest in trading $AMZN, $AAPL, or $META, here are the levels to watch:

  • $AMZN needs to hold 96.50 for a potential move to 101.
  • $AAPL needs to hold 143.70 for a potential move to 146.60. If it's above 146.60, it has room to 149.
  • $META must hold 96.38 for a bounce back up to 102.

Keep this in mind with regard to recent earnings: Each of these stocks, if they popped in the morning, reversed course and trended lower as the day went on. These are levels to trade against if you have an interest.

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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