@everyone news of a possible vaccine is a relief in everyone's mind but the world's situation still remains. Profit taking from a new ATH is more than normal.
With this market pullback from the highs, you have to look at who is still strong. As soon as SPY moves back up, the stronger ones will prevail. Think the same about the weaker ones. If SPY continues to weaken, new bottoms could be found on the ones suffering. For that matter, I'll stay away from all stay home tickers for now. I prefer playing the strong ones and avoid catching a falling knife.
Our DAL swing is still looking strong.
RCL I believe has room to run to 81s.
BA could see 195s.
PLUG with multiple upgrades from Oppenheimer, Wainwright, Riley following yesterday's earnings is seeing some action premarket.
Remember
kevin
(Momentum)'s watchlist from the weekend (that came out pre vaccine news) was bullish on Chinese tickers. NIO should also be considered. It now has a larger market cap than GM and keeps printing new ATHs. However be careful as the chart is overbought on the daily.
MU followed SPY as usual. However it came out with a breakthrough flash memory product and will hold investor day on the 16th. My target remains in the 59/60 range.
BYND got a serious reality check. Clearly owns the "B" in Fubar. Chemical meat had a tough time digesting its own earnings. Don't you come up to me saying " it's not chemical, it's plant based". I'll tell you something. Turpentine is also plant based...
Remember that we all make mistakes. We really try to provide you with our best picks. Our goal is to make you profitable while you learn. Risk management and position sizing is key to consistency
ballinsam23
for the Pfizer play. I set my stop loss and when it triggered and trended down a bit, I purchased some more and then dump them again. Grabbed 30 shares of sony in anticipation of Thursday.
