Bullish Criteria Remains Valid Starbucks Q2 Sales Expect 50% Drop

Bullish Criteria Remains Valid Starbucks Q2 Sales Expect 50% Drop

One of the most common questions I get is how to scan for the best stock trading ideas. 

Today's video gives a detailed breakdown of how to set up your trading software to filter out only the best trades that meet the perfect criteria.

You get my exact criteria, and how to implement the ideas after the stock market opens.

If you have any questions about the scan feel free to leave a comment under the video.

Today's game plan calls for buying stocks.

Based on the previous two days trading range and the break of the bearish down trend, the stock market should trade higher today.

(Full Game Plan Below)

Game Plan 4-9-20

If the market does as expected, the game plan calls for holding stocks into the close.

If the market fails to break the two day highs and prices decline into yesterday's range, that lowers my conviction level.

That means we need to drop down to shorter time frames and adjust our profit taking to quicker profits. 

The weekly charts still show "well-bid" candlesticks. Until that changes the game plan remains bullish.

UNH, United Health had a monster green trading range yesterday and is on the cusp of starting a new bullish trend.

If the game plan unfolds in a bullish manner today, that's the #1 stock I'll be focusing on.

I'l also be keeping SBUX, Starbucks on my radar because of the expected 50% drop in sales for Q2.

Have a great day.
Be safe!

Markets are closed tomorrow.
3 Day Weekend!

Pete

Pete Renzulli
 

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