Today’s game plan is for trading Monday April 20, 2020.22 stocks are featured in today’s video. One stock in particular got my attention.The stock traded double it’s normal volume on Friday and a clean breakout from a recent 3 week consolidation!We’re also heading into the heart of earnings season and game planning for increased volatility.IBM […]
CONTINUE READING
The stock market keeps on chugging a long to the delight of 401K’s everywhere.The question for today is profits. Do we sell our stock trades after a solid three week rally off the lows?Today we review a system for profit taking that also allows us to hold our winning trades longer.It’s a simple trading strategy that […]
CONTINUE READING
Tape Reading for a Potential Change of MomentumThe market is at a crossroads.Today we’re game planning a potential change of trend in the recent momentum.Two game plans are unfolding.If the SPY ETF trades below 277.14, that turns the weekly price action negative. And it creates a bearish u-turn.My short-term bias would change to look for short sales.If […]
CONTINUE READING