Swing Trader Pro: Afternoon Briefing (05-31-2023)

JC Parets
May 31, 2023

From the Desk of Kimmy Sokoloff

It's like a hangover: The market was in party mode all last week, and now it's coming off its high.

$SPY has support at 416.70. Below that is 414.51.

Here are today’s trades:

  • I bought $TWLO on May 30 at 63.77 and 62.30 and sold yesterday after hours at 64.40.
  • I shorted $AMD on May 26 at 121.61, and on May 30 at 130 and covered today at 121.37. My original target was 120.70, which was hit.
  • I bought $PYPL at 62.21 and sold at 63.09.
  • I shorted $LOW at 201.50 and covered at 201.
  • I shorted $XLI at 96.90 and covered at 96.62. It was moving slowly.

I have open long positions in $HES, $VXX, $AAL, and $GOOGL, and I have open short positions in $QQQ, $KLAC, and $NFLX.

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

And please reach out with any questions.

All Star Charts Team

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