Critical Day in the Stock Market for the Bulls 5-14-20

Critical Day in the Stock Market for the Bulls 5-14-20

In today's video I introduce two easy ways to scan daily charts for stocks to buy.

These two simple trading strategies give me quality trading setups every day.

But that's the easy part. 

Finding setups is only the first part of the trade. How to hold the big winners becomes stage two.

In today's trading lesson I give you the strategy and the stock market conditions that influence how to manage profitable trades.

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Today's game plan sets up multiple opportunities to buy stocks.

Watch:​ Today's Best Stock Picks

Some trading setups I am looking for a lower open to buy, some I am looking to use a buy stop above the market (higher open.)

Each trading scenario requires a different game plan, but the bias, the direction we are looking to trade remains the same.

The current order flow remains bullish.

Stocks that closed strong relative to the market decline the past two days, offer a chance to buy stocks with a solid risk/reward profile.

We are looking for the buying to begin again.

Stocks such as PYPL and LULU are both in our list for different reasons.

In today's video I walk you through my morning trading routine. Enjoy!

Have a great day.
Pete

Pete Renzulli
 

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