The Weekly Trade Plan: Top Stock Ideas & Execution Strategy – Week of April 20 2026

Traders,

The train left the station over the last couple of weeks, with many sectors and individual leading names now on the extended side. So, as the saying goes, for continuation, I’ll only look to get long in names that pull back into the station, consolidate, and provide fresh entries. I won’t be chasing anything at highs after 3-5 days of extension. 

With that being said, let’s take a look at some of my top ideas coming into the week.

Mean Reversion in CAR: As I discussed in my recent IA meeting, in many regards, it has ticked several boxes for the A+ mean-reversion trade. 

It has extended significantly beyond key mid- to higher-timeframe SMAs. We saw a decent uptick in volume and range expansion last week. And obviously, the RSI is in extreme territory. But I still haven’t seen consecutive gap days, or a major intraday extension from VWAP signaling a likely reversal and blow-off top, and I also haven’t noticed a major extension and disconnect from its 5-day SMA. So until those boxes get ticked, I won’t be short the name. Alternatively, we see some paper hit, and CAR holds below the prior day’s low – a change of character –  I wo...