Skip to main content

Swing Trader Pro: Afternoon Briefing (11-16-2022)

November 16, 2022

From the Desk of Kimmy Sokoloff

What a day.

The market pulled in from this morning's economic data, plus news out on semiconductors didn't help, either.

Here are today's trades:

  • I bought $AMZN at 96.22 and sold at 96.50.
  • I shorted $LRCX on Nov. 10 at 468.50 and 455.50 and covered today at 459 and 454. 
  • I shorted $NET on Nov. 15 at 54.80 and covered half at 54.11 then the other half at 55.40 today. I should have been patient.
  • I called out $TGT at 150 for a move to 152.50, then again at 155 for a move to 158. Both targets were achieved.

I booked one loser:

  • I bought $BA at 173.89 and sold at 173.02.

I didn't trade much today, as we're in a chop zone.

We're sitting on support at $SPX 3,950. We tested this zone four times in the past few days.

If we break this level, 3,920 is next.

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