November CPI came in better than expected, and the market was up over 2% at the open then drifted lower all morning.
The $SPY was up at 410 and dropped down to 399, roughly.
There was a lot of profit-taking, and a lot of good short ideas were out there to be had.
Here are today’s trades:
- I shorted $KLAC at 417 and covered at 414.02.
- I shorted $NKE at 115.08 and overed at 114.06.
- I shorted $CAT at 235.20 and covered at 234.20.
- I bought $PAAS on Dec. 7 at 17.05 and sold today at 17.20. There wasn’t enough juice in it.
I booked on loser today:
- I bought $ARKK at 38.30 and sold at 37.51.
I have an open long position in $SHOP and an open short position in $MS.
Now we have an FOMC decision and Fed Chair Jerome Powell speaking tomorrow.
Once again, anything goes…
All Star Charts Team