Swing Trader Pro: Morning Briefing (11-02-2022)

JC Parets
November 2, 2022

From the Desk of Kimmy Sokoloff

Today is more of a wait-and-see day until the FOMC announcement this afternoon.

Here's what I'm looking at this morning:

  • I'm still watching $NVDA. It needs to clear 139 then 140 for a move to 141.50 or so.

  • $AMZN and $GOOGL both hit new lows yesterday.
  • And I'll be watching $MSFT to see if it breaks down below 227.3. This name rejected the eight-day and the 21-day moving averages.

We have support on $SPY at 382, then 380. I'd prefer the 380 level to be held to continue the trend higher.

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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