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Swing Trader Pro: Afternoon Briefing (01-03-2023)

January 3, 2023

From the Desk of Kimmy Sokoloff

We saw a nice pop in the morning and then a hard fade pretty much right after the market opened. Feels like a repeat of last year.

The market did try to hang on to the $SPX 3,800 level most of the day. It's all about this level right now; a true break below and we can see 3,780.

We need back above 3,840 for a rally higher.

Here are today’s trades:

  • I shorted $CLX on Dec. 20 and Dec. 23 at 142.19 and 143.7 and covered on Dec. 30 at 141.60. 
  • I bought $BABA at 92.20 and sold at 93.
  • I shorted $AMZN at 84.62 and covered at 84.35.
  • I bought $META at 123.60 and sold at 124.60.
  • I shorted $SQ at 63.64 and covered at 63.29.

I booked multiple losers today:

  • I shorted $AMZN at 84.60 and covered at 84.98.
  • I bought $ADBE at 345.50 and sold at 340.
  • I shorted $GOOGL at 88.80 and covered at 89.45.
  • I bought $SPY at 381.67 and sold half at 382.19 and the rest at 380; I was stopped out.

I have open long positions in $IWM, $ARKK, $SHOP, and $MU. I have open short positions in $NKE and $TGT.

My trading was sloppy today with way too many trades.

Look for the Morning Briefing on Wednesday.

And please reach out with any questions.

All Star Charts Team