Trading NVAX Novavax After First Stage Trials 5-26-20
The S&P 500 futures (June contract) is currently trading over the psychological 3,000 level.
Time to cheer and buy more stocks?
Today we answer the question: "Is now the right time to buy stocks?" If you bought in March, should you sell this spike higher?
We also review a quick way to spot stocks not participating int he rally and what that could mean for the next 6-18 months of trading.
Trading Game Plan 5-26-20
Watch: Today's Best Stock Picks
The stock market is set to open higher after a long 3 day weekend.
NVAX tops my list of potential trades today. Novavax Inc. announced on May 25, 2020 that it started the first phase of its coronavirus vaccine trials.
Today's game plan outlines how I plan to trade NVAX and why the stock contains "news risk" that must be considered before any new positions.
The major indices remain below the coveted 200 day moving average. This week will tell us if we sell the news, wait for a pause or hold for a new push higher.
Have a great day.
Pete