Swing Trader Pro: Afternoon Briefing (09-07-2023)

JC Parets
September 7, 2023

From the Desk of Kimmy Sokoloff

The market pulled in for yet another day.

We'll see if we're flagging to head higher or to see 435 to 440 on $SPY.

Please keep in mind that my shorts are one-tenth of my long trades position-size-wise.

If I stay in a short position for a longer period of time, I add on pops and buy back till I complete the position.

Here are today’s trades:

  • I bought $META at 299.90 and sold at 301.
  • I bought $MS at 84.30 and sold at 84.80.
  • I bought $IWM at 183.69 and sold at 184.20.
  • I bought $MSTR at 350 and sold at 355. I recommended this setup before I stepped away this morning.
  • I shorted $LLY at 576 and covered at 571.80.

I also called out $COIN at 80, $SPY at 443, and $QQQ at 370.70.

I booked one loser:

  • I shorted $LLY at 563.01 and covered at 574. I did re-short it later on for a win, but it's still a seven-point loss.

I have open long positions in $VXX, $AMZN, $UPS, and $MCD.

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

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

And please reach out with any questions.

All Star Charts Team

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