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Swing Trader Pro: Afternoon Briefing (02-13-2023)

February 13, 2023

From the Desk of Kimmy Sokoloff

$SPY broke above its eight-day moving average and trended higher pretty much all day.

It feels like the market wants to head higher tomorrow. But that could change on a dime with the CPI report.

Here are today’s trades:

  • I shorted $MSFT at 272 and covered at 271. I did short this again later for another buck gain.
  • I bought $NET at 61.50 and sold at 61.98.
  • I bought $LEN at 102.58 and sold at 103.10.
  • I bought $NVDA at 217.17 and sold just a few shares at 217.23 and the full amount at 218.40.
  • I shorted $PEP at 177.40 and covered at breakeven.
  • I bought $IBM at 136.83 and sold at 137.33.

I booked three losers:

  • I bought $CF on Feb. 10 at 90.98 and sold at 87.13. It was downgraded.
  • I bought $ZM at 75.36 and sold at 74.36. It did eventually go to target at 75.98.
  • I bought $BROS at 37.89 and sold at 37.71. This one went to target at 38.48.

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

If the market likes the inflation data, SPY just might head to 421.

If not, we can easily see 405.

Look for the Morning Briefing on Tuesday.

And please reach out with any questions.

All Star Charts Team