It was a down week for the indices, which was warranted.
We’ll see if we flag here and head higher or trend down to the 21-day moving averages.
$DIA and $IWM are below their 21-day moving averages, while $SPY and $QQQ are not.
Here are today’s trades:
- I bought $MS at 82.99 and sold at 83.49.
- I bought $MSTR at 328.10 and sold at 330.
I also called out $QCOM at 114.20 for a move to 114.90, $TGT at 130.60 for a move to 131.42, and $MARA at 12.30 for a move to 12.68.
And I called out $NVDA short at 425 for a move to 423.
I booked one loser:
- I bought $LOW at 215.76 and sold at 214.80.
I have open long positions in $HES, $VXX, $UNP, and $X.
And I have open short positions in $QQQ, $KLAC, $NFLX, and $MSFT.
I missed a lot of my own trades.
It can be hard talking and trading, lol.
Have a great weekend. Look for the Morning Briefing on Monday.
All Star Charts Team