The market was in wait-and-see mode with Fed Chair Jerome Powell speaking today.
After he spoke, there was a lot of whip.
Here are today’s trades:
- I bought $VLO at 131 and sold at 131.48.
- I bought $GOOGL at 104.24 and sold at 104.74.
- I bought $NVDA at 216.14 and sold at 216.70.
- I bought $ROKU at 62.59 and sold at 62.98.
I booked two losers:
- I shorted $ABNB at 115.62 and covered at 116.69.
- I shorted $AAPL at 154.12 and covered at 154.27.
I have open short positions in $NKE and $SPY and open long positions in $HES, $MARA, and $NOC.
In today’s Morning Briefing, I wrote that if $SPY broke above 411 it could trend back up to 415 or so. That’s what happened.
Very whippy action, but we continue to hold SPY 408.
All Star Charts Team