Welcome to Smart Money Alerts for Tuesday, March 31, 2020.
Today's trading game plans calls for a trend day.
I'm looking for the stock market to "tip it's hand" and show us the path of least resistance (Jesse Livermore quote).
Watch Stocks for Breakfast -- >
My favorite stock pick of the day is AAPL Apple Inc.
(See chart below)
Its stock price has consolidated for consecutive days and I'm looking for an explosive move.
Remember, this setup is generally a one-day cash flow type of trade, but if you get a close at the extreme, I would consider holding it longer.
If the stock trades into an indecision candlestick, I will exit. No reason to hold a trade that doesn't perform.
Some solid trading setups discussed in CAT, MSFT and CI.
And a lesson in NFLX that shows you when to avoid a mediocre trade.
On a final note I spend some time discussing what it takes to trade like a professional.
Even if you're not trading full-time, you always want to be prepared.
I discuss keeping a tracking journal and how it keeps you in the best ideas.
If you have stocks that you'd like to see reviewed, leave a comment.
Watch today's best stock picks and subscribe to the channel.
Have a great day!
Pete
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