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Swing Trader Pro: Afternoon Briefing (01-18-2023)

January 18, 2023

From the Desk of Kimmy Sokoloff

The market took a breather today. $SPY hit 400 and backed off again.

We broke below the 200-day moving average and the eight-day moving average at 393.10. 

Here are today’s trades:

  • I bought $LULU at 324.95 and sold at 326.40.
  • I shorted $HES at 154.88 and covered at 154.
  • I bought $MRNA at 205.95 and sold at 206.98.
  • I shorted $KLAC at 426.49 and covered at 425.21.
  • I shorted $KLAC at 424.06 and covered at 423.06.

I booked one loser:

  • I bought $GOOGL at 92.64 and sold at 91.21.

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

Time will tell if this is just a healthy contraction or something more than that.

Look for the Morning Briefing on Thursday.

And please reach out with any questions.

All Star Charts Team