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Swing Trader Pro: Afternoon Briefing (02-09-2023)

February 9, 2023

From the Desk of Kimmy Sokoloff

It was a wild day, once again.

I thought we were going to have movement higher if we were able to break above $SPY 414.5.

But it was a no-go. We headed back downhill.

Here are today’s trades: 

  • I bought $GOOGL at 95.69 and sold at 96.40.
  • I shorted $NVDA at 229.55 and covered at 228.50.
  • I bought $TSLQ at 43.36 and sold at 43.90.
  • I shorted $SPY on Feb. 7 at 408 and covered today 406.66.

I called out $SNOW at 165.70, and a few traders took it to 166.50. 

I booked two losers:

  • I bought $ADBE at 385.77 and sold at 382.
  • I shorted $PEP at 173.02 and covered at 174.59.

I did come back to PEP late in the day, re-shorting it at 173 and covering at 172.11

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

Maybe we sell off into the CPI print next week then rally? Time will tell.

There's potential for a gap down tomorrow...

Look for the Morning Briefing on Friday.

And please reach out with any questions.

All Star Charts Team