Swing Trader Pro: Afternoon Briefing (12-02-2022)

JC Parets
December 2, 2022

From the Desk of Kimmy Sokoloff

After this morning’s dip lower, the $SPX mostly based around its 200-day moving average.

Overall, it was a tough week. We traded lower the first part of the week, and then came Powell...

Here are today’s trades:

  • I bought $BABA at 88.03 and sold at 88.48.
  • I bought $NET at 48.28 and sold at 48.70.

I also called out $META at 121.50 and $NKE at 112. NKE broke out late in the day.

I booked a couple of losers today:

  • I bought $UBER on Dec. 1 at 29.40 and sold today 28.20.
  • I bought $ABNB on Dec. 1 at 102.5 and sold today at 100.22.

I was trying to mitigate risk since we had a decent gap lower this morning.

I have an open long position in $SQQQ. It's a hedge, so I'll stay in it for a while.

I also have open long positions in $SHOP and $ZIM.

Let’s see what next week brings!

Have a great weekend. Look for the Morning Briefing on Monday.

And please reach out with any questions.

All Star Charts Team

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