Day Trading Strategies for Swing Traders 3.5.20
Welcome to Smart Money Alerts for Thursday March 5, 2020.
The FOMC induced coronavirus bounce has hit a wall. We're looking at roughly a 500 point lower open in the Dow.
This market is amazing if you're a full-time trader.
If you're not, today's episode of Stocks for Breakfast is a must-watch because I give you strict parameters for accepting risk in the chaotic trading environment.
We also discuss if you should be attempting to day trade this market. I think my answer will surprise you.
Later on in the lesson I show you my game plan and strategy for trading today's lower open and how you can apply the strategy to longer-term swing trades on a week-by-week basis.
Stocks in play today include ZM Zoom after falling almost 5% after earnings and COST Costco heading into earnings today near 52 week highs.
Here the trading lesson on picking stocks I mentioned as well.
Have a great day!
Pete
Former hedge fund manager slams Wall Street in viral video
One bold former hedge fund manager just went on camera to expose how Wall Street is failing American investors right now. He’s boiled down what’s happening in the markets to just two words.
And he’s urging people to take notice. You’re not going to see the details of what he’s predicting anywhere in the news, especially not from the big banks on Wall Street.
Zoom shares tumble despite solid results
Zoom Video Communications Inc. shares initially tumbled as much as 10% in after-hours trading Wednesday after it reported better-than-expected results and guidance that did not meet lofty expectations. The stock has since cut those losses, though it was still down 5% after hours.
Read More: marketwatch.com/zoom-earnings
Costco Gets Mixed Reviews From Wall Street Ahead of Earnings
Costco Wholesale (COST) – Get Report rose Monday as analysts offered mixed views of the retailer's shares ahead of its earnings report scheduled for Thursday.
Rupesh Parikh of Oppenheimer has an outperform rating on the stock. “We look very favorably upon COST's long-term prospects,” he wrote in a report.
California declares emergency over coronavirus as death toll rises in U.S.
reuters.com/coronavirus-california
