The Exact Price Stocks Will Reverse 5-5-20 |WYNN Trade
Today's episode of Stocks for Breakfast helps you overcome the challenge of finding winning trades without being overwhelmed by the massive amount of choices facing us each day.
We discuss how to forecast price action for the three months after earnings reports.
How to choose your list of stocks to trade each day.
And finally two examples (from yesterday) of tape reading in multiple time frames that set up two profitable trades.
The Stock Market Looks Good Unless This One Thing Happens
Trading Game Plan 5-5-20
Watch: Today's Best Stock Picks
The stock market looks good for another day of buying but a few warnings signs are telling us it might be time to move a trailing stop loss higher on winning trades.
The weekly chart of the SPY ETF is now well-offered. If we see it trade below 280.74, the short-term order flow becomes bearish.
Technology stocks lead yesterday's late day rally and we have a few of them in today's trading game plan.
Casino stocks have been on the watch list for a few weeks and yesterday triggered a classic buy setup.
CRWD traded into a bullish swing trade setup that I like for the coming few weeks.
I also give my picks to watch if the stock market reverses.
Have a great day!
Be safe.
Pete
