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JC Parets

Swing Trader Pro: Afternoon Briefing (02-17-2023)

February 17, 2023

From the Desk of Kimmy Sokoloff

That was some sloppy action today, and the market is showing weakness.

Let's see if we level out next week.

Support on $SPY is 405, then 402.35. Resistance is at 408.

Here are today’s trades:

  • I bought $JNJ at 157.03 and sold at 157.53.
  • I bought $SPY at 405.01 and sold at 405.50.
  • I bought $CAT at 249.30 and sold at 249.90.
  • I bought $VLO at 129.20 and sold at 130.

I called out $MU short at 59 for a move to 58.60. I also called out $GD long at 233 for a move to 234, 235. I did buy GD and made a buck.

I booked two losers:

  • I bought $MCD at 268.25 and sold at 267.46.
  • I bought $VLO at 131.31 and sold at 130.60.

I have an open short position in $NKE and open long positions in $HES, $MARA, $AMZN, and $GOOGL.

Have a great long weekend. Look for the Morning Briefing on Tuesday.

And please reach out with any questions.

All Star Charts Team

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