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Swing Trader Pro: Afternoon Briefing (02-03-2023)

February 3, 2023

From the Desk of Kimmy Sokoloff

Mega-Cap Tech hung on today, and so did the market. 

$SPY held yesterday's low and headed higher.

We still can see SPY 421 in time.

Here are today’s trades:

  • I bought $CHWY at 49.17 and sold at 49.66. I should have held longer.
  • I bought $COIN at 83.46 and sold at 84.
  • I shorted $AAPL at 155.91 and covered at 155.40.
  • I shorted $AMD at 88.30 and covered at 87.90.
  • I bought $LMND at 18.45 and sold at 18.51. I didn't give it time, and it finally went.

I booked a couple of losers today:

  • I bought $BROS at 41.08 and sold at 40.12.
  • I shorted $RBLX on Jan. 19 at 33.20 and covered today at 38.45. 

I have an open short position in $NKE and open long positions in $HES, $MARA, and $M.

Strazza alerted us in the room to a bunch of hidden gems.

Yesterday I called out $JWN as a long due to the fact that it was breaking through its 200-day moving average.

Today, those who took this trade were handsomely rewarded. The stock was up over $6.

We'll see what next week brings.

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

And please reach out with any questions.

All Star Charts Team