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Swing Trader Pro: Afternoon Briefing (01-30-2023)

January 30, 2023

From the Desk of Kimmy Sokoloff

The market sold off most of the day, and, as of now, we're holding at $SPX 4,015.

Should we break below the eight-day moving average, we can head to SPX 3,992.

Here are today’s trades:

  • I shorted $NFLX on Jan. 24 at 357.50 and covered today at 355.33. I did add to the short a few times. 
  • I shorted $AAPL on Jan. 27 at 144.88 and covered today at 144.10.
  • I bought $BROS at 36.94 and sold at 37.40.
  • I bought $BABA at 112.15 and sold at 112.40. I wasn't patient. It hit my target at 113.02; others captured it. 
  • I bought $ZM at 76.58 and sold at 77.

I booked two losers today:

  • I bought $COIN at 61.12 and sold at 58.78.
  • I bought $OKTA at 73.19 and sold at 71.33.

I took these two trades small, as I thought they might not have potential. 

I have open short positions in $NKE, $RBLX, and $QQQ and open long positions in $KLAC and $HES.

As I mentioned in the Morning Briefing today, we have a lot of factors coming into play this week.

This morning we had some fast trades, then the market fizzled.

Look for the Morning Briefing on Tuesday.

And please reach out with any questions.

All Star Charts Team