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Swing Trader Pro: Afternoon Briefing (02-07-2023)

February 7, 2023

From the Desk of Kimmy Sokoloff

The market was in wait-and-see mode with Fed Chair Jerome Powell speaking today.

After he spoke, there was a lot of whip.

Here are today’s trades:

  • I bought $VLO at 131 and sold at 131.48.
  • I bought $GOOGL at 104.24 and sold at 104.74.
  • I bought $NVDA at 216.14 and sold at 216.70.
  • I bought $ROKU at 62.59 and sold at 62.98.

I booked two losers:

  • I shorted $ABNB at 115.62 and covered at 116.69.
  • I shorted $AAPL at 154.12 and covered at 154.27.

I have open short positions in $NKE and $SPY and open long positions in $HES, $MARA, and $NOC.

In today's Morning Briefing, I wrote that if $SPY broke above 411 it could trend back up to 415 or so. That's what happened.

Very whippy action, but we continue to hold SPY 408.

Look for the Morning Briefing on Tuesday.

And please reach out with any questions.

All Star Charts Team