Swing Trader Pro: Afternoon Briefing (09-30-2022)

JC Parets
September 30, 2022

From the Desk of Kimmy Sokoloff

What a way to send off September and the third quarter.

But it was to be expected.

We had a nice move this morning. As I mentioned in the live trading room, recently the market has been selling off as we head into lunchtime.

Well, the market didn't disappoint today.

The $SPY was as high at 365.9 and dropped down to 357. I said this morning that 360 is support, and, if we below there we could see 359 then 354.80.

Here's how I traded today:

  • I went long $SNOW at 173.06; I sold at 174.10. It traded as high as 178. I didn't stay long enough with the trade, but it was a winner.
  • I bought $MRNA at 121.10 and sold it at 121.80.
  • I bought $DUK at 94.77 and sold it at 95.10. (But I missed the buy at 94.50.)

Anyway, it was a good trading day!!

It'll be interesting to see if we get some buyers in October.

I've been keeping my trades tight and not letting them run, as you can see. What's been happening every day is a complete drift lower.

Hopefully, October will be better.

We'll see you on Monday live at the open on the ASC Rangefinder app to start the trading day.

Please reach out with any questions.

All Star Charts Team

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