Skip to main content

Swing Trader Pro: Afternoon Briefing (08-28-2023)

August 28, 2023

From the Desk of Kimmy Sokoloff

Tough sledding today.

The market is caught between two levels, the eight-day moving average and the 21-day.

I traded small, and I'll do that the rest of the week.

Here are today's trades:

  • I bought $MSTR at 346.50 and sold at 347.50.
  • I shorted $SNOW at 150.52 and covered at 150.01.
  • I shorted $TWLO at 59.02 and covered at 59. It wasn't going...
  • I bought $AMD at 102.39 and sold at 102.43. It popped then dropped, and I wasn't waiting around.

I also called out a long setup in $IWM at 185, which did well.

I booked two losers:

  • I bought $AFRM at 17.99 and sold at 17.75.
  • I bought $PYPL at 61.72 and sold at 61.15.

I have open long positions in $VXX, $TGT, $MRNA, and $GS.

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

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

And please reach out with any questions.

All Star Charts Team