Swing Trader Pro: Afternoon Briefing (05-23-2023)

Here are today's trades -- check out the longs in the morning and how much a trade changes intraday:

• I bought $TWLO at 59.19 and sold a 59.99.
• I bought $MRNA at 128.46 and sold at 129.30. It went up huge, who knew...
• I bought $MMM at 101.84 and sold at 102.44.
• I bought $IWM at 179.49 and sold half at 180.49 and the rest at breakeven. I was hoping for 181.27 on the rest but was met with hard rejection at the 200-day.

I also called out $AMZN at 115.70 for a target of 116.70 and $PFE at 38.20 for a target of 39.40.

I booked one loser:

• I bought $COIN at 61.97 and sold at 61.18. It hit my target at 62.59 on a second pop-up!

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

We're now officially back into the trading range.

SPY dropped below its eight-day moving average and as of now is holding its 21-day at roughly 413.

$IWM was on a tear this morning and ran right to its 200-day -- which I said posed resistance -- then it dropped.

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

And please reach out with any questions.

All Star Charts Team