Sell the Explosive Online Retail Stocks? 4-28-20

The stock market continues to find new reasons to trade higher. Today it's the re-opening of many states across the country.

Two key sectors we review today are casino stocks and online retail stocks. 

With the positive news does that mean the massive buying in stocks such as W, Wayfair and ETSY will vanish?

Should you sell those stocks because brick and mortar retail might re-open soon?

Finally we discuss the power of trading what you see on the tape, and not what you think might happen. 

The stock market continues to grind higher. That means we should be buyers.

If and when that changes, we will change our game plan. Don't project your economic outlook on the current price action.

As traders, the current price action is the only thing that matters.