Swing Trader Pro: Afternoon Briefing (05-18-2023)

JC Parets
May 18, 2023

From the Desk of Kimmy Sokoloff

It was a wild day in the market.

We ran right to resistance on $SPY at 417.50 and moved a tad higher from there.

We came close to the February highs but didn't quite touch that level.

Here are today’s trades:

  • I bought $AAPL at 173.30 and sold at 174.29.
  • I bought $IWM at 175.98 and sold at 176.49.
  • I bought $ABNB at 110.79 and sold at 111.40.
  • I bought $FDX at 132.82 and sold at 133.82.

I also called out $MU at 67 for a move to 68 and $NET at 55.20 for a move to 57.80.

I booked one loser:

  • I shorted $NVDA at 304.60 and covered at 316.70.

I have open long positions in $HES and $VXX and an open short position in $QQQ.

Semiconductors were on fire, and I had to stop out of a short in $NVDA.

Keep in mind that any short I take I trade very small -- peanut-sized for this name, as it's volatile.

Some shorts I trade smaller than others. But they're all way smaller than my longs.

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

And please reach out with any questions.

All Star Charts Team

Filed Under: