Bullish Rally Stalls-Profit Taking or Selling? 4-8-20

While doing our chart analysis we discuss if the bulls have already run out of steam.

Should we be looking to sell short? 

Today's episode of Stocks for Breakfast focuses on scanning for winning trades.

Is there reason to believe that yesterday's selling was nothing more than profit-taking?

Get the levels I plan to be buying stocks today and what needs to happen for me to begin looking for new stocks to short.

We then move into how to use my primary scans to find stocks in play each morning.

Trading Game Plan 4.8.20

The stock market reversed.

Or was it profit taking before a new bullish move higher?

Video: Today's Best Stock Picks

Today's price action will give us clues. (See the chart below for the key level today)

Did the bulls already exhaust the happy glow of a $2 TRILLION stimulus package?

See the stocks in today's trading game plan and how I plan to trade them.

3 stocks in particular are MRNA, GSX and DG.

Conviction level slightly above neutral today for new longs.

Pete