Stocks to Buy After the Market Got Creamed 6-12-20 | LULU Earnings
The stock market offers an infinite number of ways to make money, and that same opportunity also leads to confusion and overwhelm.
We discuss how to find the smart money and then how to decide if now is the right time to buy stocks.
Here's the outline we discuss:
- Smart Money Activity
- Order Flow
- Multiple Time Frames
- Profit Potential
- Momentum -Saturation Points
- Entries
Trading Game Plan 6-12-20
Watch: Best Stock Picks Today
The stock market saw super-sized profit-taking yesterday.
So what's today's best stock pick?
We found two stocks that showed relative strength. Both closing above the open and poised for a run at new highs.
LULU earnings declined as the global situation affected revenue. I'm looking to actively trade the stock today, but not game planning a long-term trade (for now).
ADBE earnings told a different story. Bullish revenue and positive guidance has the stock trading higher. I'm looking to enter above yesterday's high for anew swing trade.
BYND pulled back to support as did WYNN. I outline two different scenarios for each stock today.
BA stock (Boeing) and the airline stocks traded double normal volume yesterday.
I'm looking for a rebound today but only planning to hold a swing trade if they close in the top 10% of the trading range.
Have a great day.
Pete
