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Swing Trader Pro: Morning Briefing (03-22-2023)

March 22, 2023

From the Desk of Kimmy Sokoloff

It's a big day today.

Will the Fed raise by 50 basis points or 25 basis points? Or will it do nothing? I'm thinking 25 basis points.

However it turns out, expect volatility.

Here's what I'm looking at this morning:

  • I'm watching $ROKU, which has been stuck in a range for a while and keeps flip-flopping around its 200-day moving average. If it can hold 65, there's potential to 68.

The market has had a nice move off the lows since last week.

Once we get above the 50-day moving average on $SPY, which is over 400, we can potentially head to 405.

I'll see you in the live trading room at the open.

Here are a couple of key things to remember about what we're doing here.

First, it's important to be in the live chat. As you know, the market has been extremely volatile, and we'll likely continue to see many ups and downs.

What that means practically is that I'll update not just price levels but even particular names we're watching as the market moves.

Second, please understand that the focus of our discussions is simply my opinion.

Your results will vary based on many factors and variables including execution, timing, and market conditions. All of these issues are completely out of my control -- and yours as well.

Our mutual goal is to win more than we will lose and that, by adding some of my strategies, we'll help you boost your overall success.

Remember, the market is on its own schedule and subject to change without notice.

We've had many questions about position and allocation sizes. I will never advise you regarding the amount of risk or portion of your assets you should invest.

All trades are at your own risk and can be discussed with your personal financial advisor at any time should you feel necessary.

Thank you for joining us, and I look forward to working with all of you!

And please each out with any questions.

We'll see you LIVE on the ASC Rangefinder app to start the trading day.

All Star Charts Team