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JC Parets

Swing Trader Pro: Afternoon Briefing (08-16-2023)

August 16, 2023

From the Desk of Kimmy Sokoloff

August and September are not for the faint of heart.

After the release of the July FOMC minutes today the market headed straight down. I guess it wasn't happy about the potential for more rate hikes.

The indices have had a decent pull-in since the beginning of August. We just have to be aware of a dead-cat bounce.

Here are today’s trades:

  • I bought $TSLA at 231.44 and sold at 232.60.
  • I bought $SPY at 443.55 and sold at 444.08.
  • I shorted $CELH at 181.70 and covered at 180.70.
  • I shorted $HD at 336.20 and covered at 335.60.

I have open long positions in $VXX, $MRNA, and $TGT.

I have open short positions in $QQQ, $KLAC, and $NFLX.

Have a great evening. Look for the Morning Briefing on Thursday.

And please reach out with any questions.

All Star Charts Team

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