$SPY broke above its eight-day moving average and trended higher pretty much all day.
It feels like the market wants to head higher tomorrow. But that could change on a dime with the CPI report.
Here are today’s trades:
- I shorted $MSFT at 272 and covered at 271. I did short this again later for another buck gain.
- I bought $NET at 61.50 and sold at 61.98.
- I bought $LEN at 102.58 and sold at 103.10.
- I bought $NVDA at 217.17 and sold just a few shares at 217.23 and the full amount at 218.40.
- I shorted $PEP at 177.40 and covered at breakeven.
- I bought $IBM at 136.83 and sold at 137.33.
I booked three losers:
- I bought $CF on Feb. 10 at 90.98 and sold at 87.13. It was downgraded.
- I bought $ZM at 75.36 and sold at 74.36. It did eventually go to target at 75.98.
- I bought $BROS at 37.89 and sold at 37.71. This one went to target at 38.48.
I have an open short position in $NKE and open long positions in $HES, $MARA, and $SI.
If the market likes the inflation data, SPY just might head to 421.
If not, we can easily see 405.
All Star Charts Team