Swing Trader Pro: Afternoon Briefing (01-20-2023)

JC Parets
January 20, 2023

From the Desk of Kimmy Sokoloff

This is the third Friday in a row that we've had a melt-up.

We closed the gaps on the indices, and away we went.

Here are today’s trades:

  • I shorted $GOOGL at 96.97 and covered at 96.52.
  • I bought $IWM at 183.07 and sold at 183.69.

I called out $NVDA again in the live trading room. It didn't go yesterday, but today it popped. Others traded $MMM for a decent profit; I sold way too soon

I booked one loser:

  • I bought $PEP at 168.45 and sold at 168.22 -- this finally popped.

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

Fridays are always hard with options expiration. But it took a while for the market and stocks to get moving, so I sold two names too soon.

The 200-day moving average on $SPY is 395.97.

Have a great weekend. Look for the Morning Briefing on Monday.

And please reach out with any questions.

All Star Charts Team

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