Day Trader Pro Morning Briefing (07-21-23): A Bit of a Bounce

July 21, 2023
Kimmy Sokoloff

From the Desk of Kimmy Sokoloff

We’re seeing a slight bounce this morning after yesterday’s sell-off.

It’s monthly options expiration today, so things could get volatile.

  • I’m watching $STLD. If it stays below 104.80, it has potential down to 95.
$STL

I'll see you in the Live Trading Room at the open.
 

And please reach out with any questions.

 

A Note From Kimmy

Here are a couple of key things to remember about what we’re doing here.

First, it’s important to be in the live chat. As you know, the market has been extremely volatile, and we’ll likely continue to see many ups and downs.

What that means practically is that I’ll update not just price levels but even particular names we’re watching as the market moves.

Second, please understand that the focus of our discussions is simply my opinion.

Your results will vary based on many factors and variables including execution, timing, and market conditions.

Remember, the market is on its own schedule and subject to change without notice.

We’ve had many questions about position and allocation sizes. I will never advise you regarding the amount of risk or portion of your assets you should invest.

All trades are at your own risk and can be discussed with your personal financial advisor at any time should you feel necessary.

Thank you for joining us, and I look forward to working with all of you!

 

Kimberly Sokoloff, CMT
Senior Technical Analyst
All Star Charts, Technical Analysis Research