$SPY struggled all day to stay above the 400 level.
Now we have support at 396.76. If we break that, we can see 393.20.
Let’s start today’s recap with a breakdown of my $NKE trade:
- I shorted $NKE on Jan. 4 at 117.90. I covered my original shares today at 120.96.
- I shorted more $NKE on Jan. 17 at 128, covered those shares at 125, shorted again at 128 on Feb. 3, then shorted more at 122 on Feb. 9 and covered all those shares on Feb. 10 at 120.34.
The first short I lost on. But I added along the way, making about 11 points in profit and three points in loss on this trade.
I decided to exit today, as it’s held 120 for a while. Watch now it will drop, lol…
Here are the rest of today’s trades, which featured a lot of stop-outs,
- I bought $PEP at 176.85 and sold at 177.40.
- I bought $CF at 86.06 and sold at 86.56. An STPer in the live trading room alerted us that it was moving!!
I booked three losers:
- I bought $PYPL at 76.05 and sold at 75.50.
- I bought $ROKU at 67.95 and sold at 67.10. I traded this small, and it did go to target at 68.40.
- I shorted $AAPL at 147.56 and covered at 148.97.
I have open long positions in $HES, $MARA, $AMZN, $GOOGL, and $VLO.
We’re getting oversold.
We’ll see what tomorrow brings after the GDP report in the morning.
All Star Charts Team