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

JC Parets
November 10, 2022

From the Desk of Kimmy Sokoloff

What a day.

The S&P 500 and the Nasdaq Composite were both up more than 5%. The market liked the October CPI data and also what Fed speakers had to say.

Here are today’s trades:

  • I bought $ROKU at 53.37 and sold at 54.
  • I shorted $CAT at 230.68 and covered at 229.17.

I had two other trades -- one in $AAPL, another in $FCX -- that were wash sales, basically flat.

I booked one loser:

  • I shorted $QQQ at 278.16 and covered at 280.

I now have three open positions, a $TSLA long, a $JPM short, and an $LRCX short.

As of today, the market looks healthy again, whereas yesterday it looked like we were heading back down to the lows.

What a difference a day makes. This market can give you whiplash. Stay on your toes and be nimble.

We're at resistance now on the $SPX at 3,950. It would be healthy to base some or even slip down to 3,900 or so.

We’ll see you live at tomorrow’s open to start the trading day.

And please reach out with any questions.

All Star Charts Team

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