Swing Trader Pro: Morning Briefing (09-26-2022)

By JC Parets

September 26, 2022
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The market is extremely volatile, and there's a decent chance the S&P 500 will touch the June lows of 3,636. That's 362.17 on the $SPY.

The market is very oversold. But that doesn't mean we cant become even more oversold before we bounce.

It's very hard to short at these levels due to oversold conditions. So I'll wait patiently for a proper setup with regards to a trade.

The old saying on wall street is “Sell Rosh Hashanah, Buy Yom Kippur.” We will see if this pans out!

Right now...

  • I'm watching $SPY for a long...
  • I'm watching $RBLX for a long...

  • I'm watching $AMD for a long...
  • I'm watching $XOM for a long...

  • I'm watching $WFC for a long...

To recap, on Friday, I bought $WYNN at 58.60 and sold at 59.21.

Note that we'll go live on Monday for the first 60 to 90 minutes of the trading day.

Please reach out with any questions.

All Star Charts Team

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JC Parets

Founder, TrendLabs

JC Parets is the Chairman and Founder of Stock Market Media and the founder of TrendLabs, where he publishes his daily market insights and shares his real-time portfolio at TrendLabs.com.

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