Swing Trader Pro: Afternoon Briefing (03-08-2023)

JC Parets
March 8, 2023

From the Desk of Kimmy Sokoloff

Fed Chair Jerome Powell spoke again today, but the market could not get going to the upside.

The semiconductors have been very strong this week. That's usually a positive sign for the market.

Maybe they're decoupling; time will tell.

Here are today’s trades:

  • I shorted $FSLR on March 7 at 214.29 and 211.44 and covered today at 211.28.
  • I bought $META at 182.59 and sold at 183.09.

I booked one loser:

  • I bought $VLO at 131.21 and sold at 130.60. I traded this small for a bounce. I was looking for a move to 131.71, and it did eventually head there.

I have open long positions in $HES, $MARA, $AMZN, $GOOGL, $RBLX, and $SQQQ. I have an open short position in $DKS.

If we don't start to rally out of this zone soon, the $SPX can drop down to 3,940.

Have a great evening. Look for the Morning Briefing on Thursday.

And please reach out with any questions.

All Star Charts Team

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