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Swing Trader Pro: Afternoon Briefing (12-09-2022)

December 9, 2022

From the Desk of Kimmy Sokoloff

Another day, another chop fest.

We can stay like this until next Thursday.

Here are today's trades:

  • I bought $NET at 50.50 and sold at 50.94.
  • I shorted $NFLX at 323.06, then 324.81, and covered at 321.66.
  • I called out $EXPE at 93.8 for a target of 95.

I booked a couple of losers:

  • I bought $NVDA at 173.64 and sold at 172.95.
  • I bought $LULU at 335 and sold at 327. This was a small position; I was just testing the waters.

I have open long positions in $AMZN, $PAAS, and $SHOP and an open short position in $MS.

The $SPX is playing both sides of the fence, support and resistance. It truly is a battleground. We hit SPX 3,977 and 3,934.

Next week could potentially decide whether we see a Santa Claus rally.

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

And please reach out with any questions.

All Star Charts Team