Stock Market Explodes Higher Emergency G7 Meeting Scheduled
Welcome to Smart Money Alerts for Tuesday March 3, 2020...
The Dow Jones Industrial Average bounced 1,294 yesterday. Buyers took a chance the bid would hold and felt the prices were too good to pass up.
The only question now is - "Do they return for a bigger helping?"
Today is a tricky day and requires a professional mindset. You need to know the exact price action that makes you hold your new longs. I discuss a strategy in detail in today's episode of Stocks for Breakfast.
With massively increased trading ranges you can't afford to hesitate today. IF buyers return, I expect stock prices to close near the highs again creating windfall profits. (assuming you bought on Friday).
If we trade below the open, and below Monday's close, I strongly recommend you have a plan in place.
Investors have a tougher choice. The next two quarters of corporate earnings can be disastrous with supply chains getting cut off. Lack of inventory can't be solved by the emergency G7 meeting. (see below)
A a ton of stocks meet short-term criteria today, one in particular that I am watching is JD.com which broke out to fresh 20 day highs yesterday.
I today's video I give an in-depth lesson on how to find the right stocks to trade when volatility increases. Each of us has different experience, risk tolerance and account size. So it's important you decide what's right for you.
This scan is the base of what I discuss in the video and how to use it today.
Have a great day!
Pete
PS. Today's video has some advanced, but simple concept you can apply today. Be sure to watch and subscribe to our YouTube channel for updates.
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Target (NYSE:TGT) shares nearly doubled in 2019 as investors cheered good news on both the sales and profitability fronts. Not only did the retailer achieve some of its fastest customer traffic growth in over a decade, but it returned to margin expansion as customers enthusiastically paid up for convenient ultra-fast fulfillment offerings like same-day delivery.
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Twitter’s Jack Dorsey faces another crisis, this time from an activist investor
marketwatch.com/dorsey-twitterStocks jump ahead of emergency G7 coronavirus call
European stocks climbed on Tuesday morning, amid hopes of coordinated international action to support the global economy. Equities rallied ahead of an emergency call between G7 finance ministers and central bankers at 12pm GMT to discuss their response to the outbreak.
