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Swing Trader Pro: Afternoon Briefing (01-05-2023)

January 5, 2023

From the Desk of Kimmy Sokoloff

This market can't seem to get out of its own way.

Just when you think it can head uphill, we have a rug-pull.

Today it was data out in the morning that pushed the indices lower.

Here are today’s trades:

  • I bought $NET at 40.68 and sold at 41.08.
  • I bought $RBLX at 29.12 and sold at 29.14. A flat trade, this name did finally go to target at 29.60 to 29.80. Others held on. I should have.
  • I bought $SNOW at 123.25 and sold at 123.90.
  • I bought $MRNA at 173.29 and sold at 173.89.
  • I bought $TSLA at 109.10 and sold at 109.76.

I booked two losers today:

  • I bought $BABA at 103.27 and sold at 101.87. Others held on, and it went to target at 104.30.
  • I bought $SE at 56.02 and sold at 55.72. It was a small loss, and I'm keeping my eye on this one.

I have open long positions in $IWM, $ARKK, and $SHOP and an open short position in $NKE.

$SPY needs to be above 382.30 to get moving.

Lots of chop. The market can be frustrating.

I just try to get on base!

Look for the Morning Briefing on Friday.

And please reach out with any questions.

All Star Charts Team