After this morning’s dip lower, the $SPX mostly based around its 200-day moving average.
Overall, it was a tough week. We traded lower the first part of the week, and then came Powell…
Here are today’s trades:
- I bought $BABA at 88.03 and sold at 88.48.
- I bought $NET at 48.28 and sold at 48.70.
I also called out $META at 121.50 and $NKE at 112. NKE broke out late in the day.
I booked a couple of losers today:
- I bought $UBER on Dec. 1 at 29.40 and sold today 28.20.
- I bought $ABNB on Dec. 1 at 102.5 and sold today at 100.22.
I was trying to mitigate risk since we had a decent gap lower this morning.
I have an open long position in $SQQQ. It’s a hedge, so I’ll stay in it for a while.
I also have open long positions in $SHOP and $ZIM.
Let’s see what next week brings!
All Star Charts Team