Forecast: The Stock Market for the Next 6 Months 4-15-20

Is it time to book profits?

The $2 trillion stimulus fueled recent stock market rally. But now what?

Do we honestly believe earnings season will act as added good news?

Put on your "real world" cap and think logically.

I agree with Jim Cramer. The stock market is NOT the economy.

The second half of 2020 looks bearish. I expect continued volatility and amazing opportunity. But many will be saying "Don't worry, the stock market always goes up..."

JPM reported earnings, initially traded higher then the stock got pounded. More earnings reports today from BAC, C, and GS. (UNH and BBBY too)

Look for these stocks to forecast the next six months. (BAC earnings results)

Seven stocks discussed below for today's trading game plan.

Trading Game Plan 4-15-20

We're looking at a couple of days of profit taking.

Watch:​Today's Best Stock Picks

For swing trades on the long side (buys) I'm planning to scale out of the winners. These include AMD, AVGO and NVDA.

If the SPY ETF remains below the open price for the day I'll be looking to short sell JPM, CAT and BA (assuming they are also under the open price.

Consolidation Plays: 
CVX, XOM and CAT have inside day setups and I'm creating a game plan for a trend day, hopefully holding profits to close.

Have a great day!
Pete

PS. Please be safe.