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Swing Trader Pro: Afternoon Briefing (08-10-2023)

August 10, 2023

From the Desk of Kimmy Sokoloff

The rally we had this morning completely faded.

We're still stuck under major resistance.

The more time we spend below can send us lower.

Here are today’s trades:

  • I bought $CRWD on August 9 at 145.40 and 146.90 and sold today at 147.79.
  • I bought $NKE at 111.28 and sold at 111.90.
  • I shorted $VLO at 136.55 and covered at 136.02.
  • I shorted $HD at 132 and covered at 131.50.
  • I shorted $LULU at 387.60 and covered at 386.60. Before I signed off, I said it had potential to 386. 
  • I shorted $IWM at 190.80 and covered at 190.09. I mentioned in the Live Trading Room at 1:07 p.m. ET that it could head down to gap-fill if anyone wanted to short it.

I also called out setups in $BABA and $TSLA, but I missed both trades.

I booked two losers:

  • I bought $BA small, because I trade this name poorly, at 241.49 and sold at 239.40.
  • I shorted $EXPE at 110.70 and covered at 111.44.

I have open long positions in $VXX and $MRNA.

I have open short positions in $QQQ, $KLAC, $NFLX, and $MS.

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

And please reach out with any questions.

All Star Charts Team