CVNA Stock Ready to Explode | Best Stock Picks Today 8-17-20
BEST STOCK PICKS TODAY
Trading Game Plan 8-17-20
The stock market continues to drift higher on light volume as the SPY ETF flirts with all-time highs.
Today's trading setups offer stocks that have paused and are ready to trade higher. NVAX stock (Novavax) traded into a bullish gap on Friday and is expected to gap higher again today. It will be in my short term list of stocks to day trade.
CVNA stock (Carvana) exploded making it difficult to manage risk, but today it's set up nicely to see a big move this week.
WMT stock paused at obvious resistance ahead of tomorrow's scheduled earnings and has made it into my active list for stocks to hold this quarter if earnings guidance exceeds expectations.
Industrial stocks have impressed the last 30 days and have paused after momentum giving us a chance to initiate new swing trades this week.
Stocks such as DOW, DD, UPS and CAT are in the list. Watch today's video to see the trade scenario.
In total we review 17 stocks to trade today.
Pete