Swing King Stock Picks Going into Friday 7.31.2020

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What is a Bullish Market?

A bull market indicates a belief that the stock market will rise in overall value. This usually comes from increases in the market share prices for the overall stock market.

People typically use the term when the stock prices and the market have increased in value over at least a few months. Sometimes years.

What is a Bearish Market?

Investors use the term bear market when they believe the market is going down in value. If stock market value prices have been on a decline for a few months or year, then investment news outlets may refer to the market as a bearish.

Again, this can always be a term used to describe the conditions of a market segment when those shares have decreased in price.

What is a Swing Trade?

Typically, swing trading involves holding a position either long or short for more than one trading session, but usually not longer than several weeks or a couple of months. This is a general time frame, as some trades may last longer than a couple of months, yet the trader may still consider them swing trades. Swing trades can also occur during a trading session, though this is a fairly rare outcome that is brought about by extremely volatile conditions.

The goal of swing trading is to capture a chunk of a potential price move. While some traders seek out volatile stocks with lots of movement, others may prefer more sedate stocks. In either case, swing trading is the process of identifying where an asset’s price is likely to move next, entering a position, and then capturing a chunk of the profit if that move materializes.
Successful swing traders are only looking to capture a chunk of the expected price move, and then move on to the next opportunity.

What do I look for when selecting the swing trade alerts I will trade?

  1. Earnings – I am looking to verify that the stock does not have earnings within 2 weeks of the alert.  I am also looking to see if the stock has recently had earnings it was more than 7 days ago. I look at this because I do not want my swing trade to be impacted by traders trying to play the earnings.  Meaning I “DO NOT” want to be in the middle of traders scaling into, or out of positions causing an uptick in unusual volume.
  2. Volume – I verify the stock trades an average of 1,000,000 shares per day.
  3. Typically try and trade all the Bullish Swing Trade Alerts on a daily basis.

Many active traders create what they call a “watch list,” which is simply a list that records the daily share prices of a group of stocks over time.

It can be done very simply with a spreadsheet, or even a notepad and paper, although there are numerous software programs and utilities that assist in creating a watch list. Some online brokerage houses provide this service either for free or for a minimal charge.

Building An Effective Watchlist

U.S. stock exchanges list more than 8,000 issues, but the typical trader or fund manager accesses just a fraction of this bounty because they’ve failed to build effective watchlists. Identifying stocks that fully support working strategies requires a number of skill sets but, despite the learning curve, the effort is worthwhile because it creates a trading edge that lasts a lifetime.

Top 3 tasks in my trading plan.

  1. Pick Your Ticker.
  2. Determine your enter/exit plan.
  3. Execute your plan.

My Stock Picks Going into Friday 7.31.2020:

$BUD $UPS $IBM $MS $BA $COP $SYY $NKE $TOL

BUD – Bearish Alert at 1430 CST.  Entered at $58.03, and plan to exit at $56.87.

UPS – Bearish Alert at 1430 CST.  Entered at $141.89, and plan to exit at $139.05.

IBM – Bullish Alert at 1430 CST.  Entered at $123.10, and plan to exit at $125.56.

COP – Bullish Alert at 1430 CST.  Entered at $37.91, and plan to exit at $38.66.

BA – Bullish Alert at 1430 CST.  Entered at $161.99, and plan to exit at $165.23.

MS – Bullish Alert at 1030 CST.  Entered at $48.70, and plan to exit at $49.68.

SYY – Bullish Alert at 1030 CST.  Entered at $53.31, and plan to exit at $$54.37.

NKE – Bullish Alert at 1030 CST.  Entered at $97.04, and plan to exit at $98.98.

TOL – Bearish Alert at 1430 CST.  Entered at $38.42, and plan to exit at $37.65.

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