Coronavirus Crushes Stock Markets into Bear Market Levels
Welcome back to Smart Money Alerts for Friday February 28, 2020.
The coronavirus outbreak continues to pound global stock markets deeper into bear market territory.
The term "potential pandemic" joined the news flow last night as conditions seem to be worsening.
Within the context of trading, great for day traders, tough for swing traders or investors.
In today's episode of Stocks for Breakfast I review the perfect trade that unfolded in the SPY ETF during the last hour of trading and exactly how to trade it.
BYND Beyond Meat tripled revenue but losses mounted so the stock is in play today. The stock price is trading much lower pre-market. I have discussed how I plan to trade the stock in today's video.
Also in BYND we review a fantastic lesson in trade expectation and the right way to follow the smart money. Trade expectation flows directly into trade management (booking profits)
A few stocks came in meeting bullish criteria but the only one that I would consider is ETSY, but not yet. The stock hit resistance for a third time, so we are looking for a close above that level for a few days.
But it's worth keeping on your radar with 10 dollars profit potential above 60.
If you have any questions reply to this email. [email protected]. Stay disciplined and have a great weekend.
Pete
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U.S. stock futures sink as coronavirus fears set to drive a deeper selloff
Investors have endured days of increasingly grim updates on fallout from the coronavirus, as new infections continue to rise even as countries enact stronger and stronger measures. New Zealand and Nigeria were among the latest countries to report their cases.
Read More: marketwatch.com/wall-street-plunges
Dow is set to tank again after Thursday’s massive tumble on coronavirus fears
cnbc.com/futures-markets
Google Cloud Puts Amazon and Microsoft on Notice
Google (NASDAQ:GOOGL) wants to close the gap with Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) in the cloud computing market. This week, Google cloud announced plans to invest $10 billion to develop its infrastructure in the US this year.
Read More | marketrealist.com/cloud-computing-wars
