Swing Trader Pro: Afternoon Briefing (02-27-2023)

JC Parets
February 27, 2023

From the Desk of Kimmy Sokoloff

We saw a nice gap up on the $SPX today, but we weren't able to hold on to 4,000 or 4,017.

The market decided to close the gap down, which is all fine and well. But I'd like roughly that area held at 3,980 or so.

Here are today’s trades:

  • I bought $BABA on Feb. 24 at 88.73, 90.40, and 91.40 and sold today at 90.86.
  • I bought $MRNA at 138.50 and sold at 139.30.
  • I shorted $PANW at 191.99 and 190.61 and covered at 189.61.
  • I shorted $NVDA at 237.50 and covered at 236.99.
  • I shorted $NVDA at 235.82 and covered at 234.80.
  • I bought $JNJ at 156.65 and sold at 156.73. It wasn't moving, then it dropped.

I booked one loser:

  • I bought $ABNB at 124.15 and sold at 123.80. It actually went to target at 124.80.

I have open long positions in $HES, $MARA, $AMZN, $GOOGL, and $SQQQ.

As of now, I'm not liking the price action.

This market needs to prove itself!

Look for the Morning Briefing on Tuesday.

And please reach out with any questions.

All Star Charts Team

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