It was a powerful day in the market. $SPY closed its gap at 396.31 and pushed along.
I said in the live trading room a week back that SPY has potential up to 405, then 410.
Here are today’s trades:
- I bought $BA at 211.59 and sold at 212.60.
- I bought $ZM at 69.02 and sold at 69.60.
- I bought $TWLO at 52.12 and sold at 52.70.
- I shorted $CAT at 254.80 and covered at 254.79. It pulled in to cover in the green; this was a bad trade.
- I shorted $KO on Jan. 11 at 61.62 and covered today at 61.58. I wasn’t patient, and it dropped. This too was a bad trade.
- I called out $HD short in the morning down to 229, and a few traders caught it.
I booked two losers:
- I shorted $TMUS at 146.78 and covered at 147.64.
- I shorted $V at 220.73 and covered at 223.60.
I have open an open long position in $SHOP and open short positions in $NKE and $GE.
I was tough trading today.
All Star Charts Team