Swing Trader Pro: Afternoon Briefing (04-25-2023)

JC Parets
April 25, 2023

From the Desk of Kimmy Sokoloff

Today was the first real breakdown for the indices, with $IWM leading the way.

For $SPY and $QQQ it was the first real break below their respective 21-day moving averages.

Here are today’s trades:

  • I bought $IWM at 175.37 and sold at 175.38. I was lucky it bounced, as I wasn't able to watch it.
  • I shorted $LLY at 388 and covered at 384.51.

I called out $GOOGL last week for a potential move to 106.80. It didn't touch that level, but it did come close today for a nice long trade.

I booked two losers:

  • I bought $HD at 302.28 and sold at 301.50.
  • I bought $XBI at 81.94 and sold at 80.84.

I have open long positions in $HES, $VXX, $ERY, and $W. And I have open short positions in $LVS and $X.

Unfortunately, I had to leave early and names started to tumble, so I missed out on a good amount of shorts.

Nice to have the $VXX working on a day like this.

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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