Skip to main content

Swing Trader Pro: Afternoon Briefing (12-06-2022)

December 6, 2022

From the Desk of Kimmy Sokoloff

The market took another hit today. We broke below last week's lows and plowed through support levels.

The $SPX has support at 3,900, then 3,860. Resistance is at 3,959.

Here are today's trades:

  • I shorted $AMZN on Dec. 5 at 91.61 and covered today at 90.60.
  • I shorted $MS at 88.80 and covered at 88.24.
  • I shorted $MS again at 87.08 and covered at 86.60.
  • I bought $ABNB at 92.86 and sold at 93.24.

I booked one loss today:

  • I shorted $MU at 53.60 and 53.57 and covered at 53.66.

I have open long positions in $SQQQ, $SHOP, and $ZIM.

To me, this is not bull market action with regards to the overall market.

The whippy-ness and the chop can make your head spin.

Look for the Morning Briefing on Wednesday.

And please reach out with any questions.

All Star Charts Team