Stock Trading Game Plan During Coronavirus Scare
Welcome to Smart Money Alerts for Friday March 6, 2020.
The stock market continues to see heavy coronavirus selling but for smart traders there are opportunities to create a winning game plan.
COST reported earnings that beat, but the stock is trading lower today. In today's episode of Stocks for Breakfast I game plan COST today to look for a test of yesterday's low as a potential spot to buy.
Certain sectors are seeing persistent selling without a bounce such as airlines and cruise lines. The short side is the line of least resistance but I suggest keeping a tracking journal for some of these to buy WHEN coronavirus is eradicated.
For longs today we reviewed sector performance over the last week and found opportunities in health care stocks. In today's video I show you how to scan for these trades and we whittled down 915 stocks to the 19 that fit strict criteria.
Day trading remains the play of the day. I'm staying away from swing trade calls until we get back to stability.
Towards the end of today's video I demonstrate how to set up trades with high probability of success and how to know when to stay in cash.
Plenty of opportunity out there if you are nimble and disciplined.
Have a great weekend!
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.
Tesla wins approval to sell longer-range China-made Model 3 vehicles
BEIJING (Reuters) – Tesla Inc (TSLA.O) has secured Chinese government approval to sell longer-range China-made model 3 vehicles in China, the Ministry of Industry and Information Technology said on Friday.
13th Death Confirmed In US; Nearly 3,000 Under “Voluntary” Quarantine In NYC: Live Updates
It only took three months. In that time, the novel coronavirus has spread from a wet market (or, possibly, a specialized laboratory) in Wuhan, China to every continent except Antarctica.
