It was a wild day, once again.
I thought we were going to have movement higher if we were able to break above $SPY 414.5.
But it was a no-go. We headed back downhill.
Here are today’s trades:
- I bought $GOOGL at 95.69 and sold at 96.40.
- I shorted $NVDA at 229.55 and covered at 228.50.
- I bought $TSLQ at 43.36 and sold at 43.90.
- I shorted $SPY on Feb. 7 at 408 and covered today 406.66.
I called out $SNOW at 165.70, and a few traders took it to 166.50.
I booked two losers:
- I bought $ADBE at 385.77 and sold at 382.
- I shorted $PEP at 173.02 and covered at 174.59.
I did come back to PEP late in the day, re-shorting it at 173 and covering at 172.11
I have an open short position in $NKE and open long positions in $HES, $MARA, and $SI.
Maybe we sell off into the CPI print next week then rally? Time will tell.
There’s potential for a gap down tomorrow…
All Star Charts Team