Swing Trader Pro: Afternoon Briefing (03-14-2023)

JC Parets
March 14, 2023

From the Desk of Kimmy Sokoloff

The $SPX rallied right to its 200-moving average, and it was rejected.

We bounced in the morning due to CPI, which was bullish for the market. Unfortunately the market is worried about other things.

Banks are really stinking up the joint.

Here are today’s trades:

  • I bought $VLO at 130.80 and sold at 131.68.
  • I bought $MSFT at 257.64 and was stopped out at 257. I bought back at 258.73 and sold at 259.73 and made it back.
  • I bought $AMAT at 119.61 and sold at 120.11.
  • I bought $AMD at 86.57 and sold at 87.
  • I shorted $RBLX at 43.37 and covered at 42.87.
  • I bought $NFLX at 293.98 and sold at 294.98.

I called out $META around 292 for a bounce. I traded it long for a point, and then I shorted it for two points down.

I booked a couple of losers:

  • I bought $MARA on Feb. 2 at 8.04. I sold half on Feb. 28 at 7.62. I sold the rest today at 7.39. This was a short squeeze play that wasn't moving.
  • I bought $TSLA small at 181.44 and sold at 179.20. 

I have open long positions in $HES, $AMZN, $GOOGL, $ERY, and $UNH.

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

And please reach out with any questions.

All Star Charts Team

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