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Swing Trader Pro: Afternoon Briefing (12-22-2022)

December 22, 2022

From the Desk of Kimmy Sokoloff

Yesterday was a one-hit wonder for longs. Today was pretty ugly.

The market is showing who's in charge.

The $SPX broke through support levels at 3,850 and 3,800. Next support is at 3,744.

Here are today's trades: 

  • I shorted $TMUS at 139 and covered at 138.50.
  • I shorted $CAT on Dec. 21 at 239.57, 240.10, and 241 and covered today at 239.01.
  • I shorted $MCD at 265.46 and covered at 264.43.
  • I shorted $WYNN on Dec. 20 at 81.10 and covered today at 80.15.
  • I called out $DIA short at 329 and $MCD at 265.50.

I have open long positions in $IWM, $ARKK, and $SHOP and open short positions in $CLX and $MMM.

I wasn't aggressive today. I just sat tight.

Tomorrow begins the period for the Santa rally.

We shall see. 

Look for the Morning Briefing on Friday.

And please reach out with any questions.

All Star Charts Team