From the Desk of Kimmy Sokoloff
This is the third Friday in a row that we’ve had a melt-up.
We closed the gaps on the indices, and away we went.
Here are today’s trades:
- I shorted $GOOGL at 96.97 and covered at 96.52.
- I bought $IWM at 183.07 and sold at 183.69.
I called out $NVDA again in the live trading room. It didn’t go yesterday, but today it popped. Others traded $MMM for a decent profit; I sold way too soon
I booked one loser:
- I bought $PEP at 168.45 and sold at 168.22 — this finally popped.
I have an open long position in $SHOP and open short positions in $NKE and $RBLX.
Fridays are always hard with options expiration. But it took a while for the market and stocks to get moving, so I sold two names too soon.
The 200-day moving average on $SPY is 395.97.
Have a great weekend. Look for the Morning Briefing on Monday.
And please reach out with any questions.
All Star Charts Team