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Swing Trader Pro: Afternoon Briefing (01-12-2023)

January 12, 2023

From the Desk of Kimmy Sokoloff

It was a powerful day in the market. $SPY closed its gap at 396.31 and pushed along.

I said in the live trading room a week back that SPY has potential up to 405, then 410.  

Here are today’s trades:

  • I bought $BA at 211.59 and sold at 212.60.
  • I bought $ZM at 69.02 and sold at 69.60.
  • I bought $TWLO at 52.12 and sold at 52.70.
  • I shorted $CAT at 254.80 and covered at 254.79. It pulled in to cover in the green; this was a bad trade.
  • I shorted $KO on Jan. 11 at 61.62 and covered today at 61.58. I wasn't patient, and it dropped. This too was a bad trade.
  • I called out $HD short in the morning down to 229, and a few traders caught it.

I booked two losers:

  • I shorted $TMUS at 146.78 and covered at 147.64.
  • I shorted $V at 220.73 and covered at 223.60.

I have open an open long position in $SHOP and open short positions in $NKE and $GE.

I was tough trading today.

Look for the Morning Briefing on Friday.

And please reach out with any questions.

All Star Charts Team