From the Desk of Kimmy Sokoloff
What a day.
The indices rallied off of Powell’s speech, and the $SPX crossed the 200-day moving average. The SPX almost closed its gap at 4,083 back on Sept. 12.
We can trend higher into the 4,120 mark in time.
Here are today’s trades:
- I bought $SE at 55.60 and sold at 56.30.
- I bought $NET at 47.20 and sold at 47.90.
- I bought $MU at 53.97 and sold at 54.65.
I also called out setups in $META and $NFLX pre-Powell, and they hit targets of 112 and 292, respectively.
I booked on loser:
- I bought $AMD at 74.64 and sold at 73.37.
I have open long positions in $SQQQ, $XOM, $ZIM, $NIKE, and $SHOP.
All the trades I did today were executed before Powell spoke.
If I had a crystal ball, I’d have held on longer!
Look for the Morning Briefing on Thursday.
And please reach out with any questions.
All Star Charts Team