When will the stock market reverse?
The biggest question I get. I understand why. Many are afraid of buying the top.
You feel like the stock market is due for a decline.
And you're probably right.
But the fact is, right now it keeps going higher. It is what it is until it's not.
You can't sacrifice current profits for fear of future losses.Right now, many stocks are giving us large green weekly candlesticks.
Let's make money while it's good. Should you fear a reversal? NO. But you should prepare for it. Decide now how you will handle it.
And that's what we cover today. In today's trading lesson we "work the charts" to identify the trend, and show you how to set up trades that make sense.
Are you trading the order flow?
Trading Game Plan 6-3-20
Watch: Today's Best Stock Picks
Well the multi-trillion dollar stimulus package is doing it's job.
Peloton stock (PTON) keeps chugging along despite the reopening of the country.
It's hard for stock traders to ignore all-time highs.
Actually it's a must to create a game plan for it. I'm seeing at least 8 dollars more upside and then looking for a pause before a new advance.
We review two financial stocks (GS and JPM) and discuss which one I'm having better trades with.
CHWY, QCOM and SQ also have unique trading setups that should be on your radar today too.
Have a great day!
Pete