The market was down but pretty much range-bound today.
It was hard to gain traction on the long side, and I was stopped out of a few names.
Here are today’s trades:
- I bought $BABA at 103.99 and sold at 105.
- I bought $VLO at 127.10 and sold at 128.08.
- I shorted $NVDA at 213.34 and covered at 212.91.
- I shorted $HOG at 53.37 and covered at 53.20; it was not breaking down.
I booked three losers today:
- I bought $TSLA at 197.17 and sold at 194.03.
- I bought $TMUS at 143.08 and sold at 142.24.
- I bought $M on Feb. 3 at 24.81 and sold today at 23.87; it was slow.
I have an open short position in $NKE and open long positions in $HES and $MARA.
$SPY support is around 408. If we break that level, we can see 405.
We’d need to get back above 411, and then we could think about 416.
All Star Charts Team