Swing Trader Pro: Afternoon Briefing (12-13-2022)

JC Parets
December 13, 2022

From the Desk of Kimmy Sokoloff

November CPI came in better than expected, and the market was up over 2% at the open then drifted lower all morning.

The $SPY was up at 410 and dropped down to 399, roughly.

There was a lot of profit-taking, and a lot of good short ideas were out there to be had.

Here are today’s trades:

  • I shorted $KLAC at 417 and covered at 414.02.
  • I shorted $NKE at 115.08 and overed at 114.06.
  • I shorted $CAT at 235.20 and covered at 234.20.
  • I bought $PAAS on Dec. 7 at 17.05 and sold today at 17.20. There wasn't enough juice in it.

I booked on loser today:

  • I bought $ARKK at 38.30 and sold at 37.51.

I have an open long position in $SHOP and an open short position in $MS.

Now we have an FOMC decision and Fed Chair Jerome Powell speaking tomorrow.

Once again, anything goes...

Look for the Morning Briefing on Wednesday.

And please reach out with any questions.

All Star Charts Team

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