In this video we are going to be talking about the top stocks and ETFs for early August 2019 Yes there are top stocks and ETFs this week I always pick tickers that I feel based on my previous experience are going to provide the price action that we need to trade off of. But I do want to go ahead and remind you the stocks on these lists aren't stocks. whew just to buy and randomly hold. You need to have a plan when trading me stocks.

and in return for this video the only thing that I ask the only thing is that you hit that ravishing like button. There is no shame in basking and ravishing this. And also don't forget to subscribe for more short sweet simplified videos on how to trade the stock market. Also for those of you who are wondering which broker to trade these stocks on, my suggested broker is Weeble, They have commissioned free trades in a bunch of scanning tools that I think are very vital for us as traders and being me capitalist that I am I am trying to beat my referral record in the month of August So if you'd like to help me out while trying a great broker, make sure to click that link in the description below.

Okay so before we start I want to give you a pop quiz during a market downturn like we saw today? Should we a spin around in our chairs and stay out of the market or be treat ourselves like penguins in a tuxedo bar? The answer is of course penguins. Any movement in the market. is, time for us as traders to get our jolly on. We simply need the volatility and the price fluctuations to trade off of.

So what is the first reaction of a trader when the stock market gets beat down? Well, we slimy traders like you profit off the misery of the masses. We love nothing more than misery of masses and Jaehnig AKA are leveraged. Gold ETF runs up massively when the market gets beat down. Doesn't always do this, but it does tend to do this as people rush to say for asset classes.

And while traditionally gold has been a poor long-term investment, it makes for quite a fun trade now. Genoa also has a pattern of providing really clean run ups, and the strategy I'd employ is looking for confirmation points that are also in an upward direction. Overall, for example, buying in upon confirmation here was a point at which we had a confirmation of price strength, but it was also a point where we had a strong upper direction over our long term bread as the bail. I'm simply buying in upon confirmation would allow us to ride the priced, ranked and sell out at validation of a downtrend.

And for the three board junkies in the room, we also had this amp vacation effect after this beautiful three-bar play pattern. Confirmation right here. This is one of the reasons that I've been talking more about the three bar play. It provides a beautiful amplification effect one above our confirmation and it provides a beautiful entry point one below the confirmation.

It gives us a little bit better of an entry point. but anyways, while the first 30 minutes of market open usually provide the best confirmation points, there are opportunities later in the day as well. And I do want to emphasize finding the right confirmation point. A lot of people just don't choose the right confirmation.

Confirmation isn't a place where you buying in randomly. It is a point where you confirm you confirm. you're elevating factors that outweigh your deprecating factors. If it was a blind entry point, we wouldn't call that a confirmation.

We would call it something like a trust fall. There is no trust Falls when it comes to the stock market. If it was up to the market, you would be left begging outside 7-eleven So this confirmation for example happened after we already had a massive run up earlier in the morning and we already had some struggling back and forth over the SMA line when we are overextended and have struggling of directional strength. what is there exactly to confirm the price action can't find a bearing and the failure to continue breaking higher as a deprecating factor hurting these confirmations.

So we have a deprecating factor that's taken away from the confirmation. But let's go ahead and say that you don't really understand how to evaluate whether or not a confirmation is quality based on elevating versus deprecating factors: I Think that for a lot of new traders, they don't really understand how elevating versus deprecated factors rank like if something is a good deal. does that outweigh something that's near resistance? Bla bla bla. So let's say that you don't understand elevating factors at all.

if you simply bought in upon a conformation upwards. Here, you could have simply held out until validation and took a profit anyways. So that is why I spend so much time talking about the importance of waiting for confirmation, because it allows you to use your regular strategy or your lack of a strategy and forces you to wait until confirmation to confirm it. And waiting for confirmation means that you know you have at least one solid elevating factor, even if you're a beginner.

Even if you're a beginner, it's not that hard to understand that that first candlestick breaking above the S the male line is a elevating factor. You're buying into a period of price momentum where the price is moving in your favor. So if you miss out on all the other factors and the stock price turns against you, you could simply sell out validation and most of the time you'll exit with again or maybe you're breaking even. But if you are playing to win and not just plain not to lose, you are going to want to find good confirmation points points that confirm elevating factors.

Later in the day, we had a confirmation of Prai strengths. But what is wrong with this confirmation point? What is wrong with this particular confirmation point? Quite simply, we are in a period of a downward direction. How do we know this? Because we're below our long term directional SMA line. Buying stocks in a downward direction is a huge deprecating factor.

We want elevating factors, not deprecating factors. And likewise, if we had bought in here and helped until validation, we would have likely sold out when this week broke the SMA line, But waiting for confirmation over both our directional and price strength SMA line would have allowed us to buy in upon a period of momentum and massive amount of elevating factors. There was also a three-bar play right before our confirmation. If you've mastered the three bar play which by the way I have a video on it the link in the description.

but if you've mastered the three bar play, you could take priority and add a bit to your upside by taking an entry point. Upon pattern confirmation of the three bar play, you can prioritize getting in at an earlier entry point because you understand how to recognize the three bar play. And again, we had an igniting bar, a baby bar, and a pattern confirmation bar which are the tell-tale signs of a 3 bar play. With this breakout above the baby bar and that's when you take the position, this allows you to buy into a period of pattern confirmation that is actually lower than our regular confirmation.

But if you are completely new to the stock market or you haven't yet mastered the three bar play, my suggestion is to start by practicing using regular confirmation and validation points before even factoring in R3 bar play. Okay, so going back to the overall price action, What if the market recovers tomorrow and Jano goes down? well? we can trade the push back on its inverse. This is one of the beauties of inverse leveraged Etfs. Buying in upon elevating factors in confirmation can allow us to profit off of the downside of Jaehnig when J nut goes down J DST goes up and vice versa.

That allows us to trade off of the push backs and the up trends. Okay, so for those of you who are kicker hungry for a biotech ploy, you are going to like this one. Biotech once again shows disregard for the overall movement of the market. Since many of these small biotech players are catalysts driven.

They really could not less about the market as a whole. But anyways, the ticker we're going to be talking about is N PT n which ran up like an inflamed banshee after hours after its earnings release and guidance. Which by the way, for those of you who have been asking how to find these after hours runners, you could simply use Weebles. After Hours Runners feature You just click one button and it shows you all the After Hours runners.

And again, if you'd like to download Weeble, it's a completely free broker link in the description below. As a greedy capitalist I always have to push those referral links. but anyways, what is it that we were looking for on NPT N Well, it just broke into upward direction territory, but in context, long term. After it's sold off, we reach sort of a bottom around here before it gradually started increasing in value.

I'm going to be looking for signs of this. upward direction holds and continues to appreciate because we do have a lot of upside Towards fairly recent resistance at 864, the top Six analysts slash Honey Badgers. Yes, we're calling them Honey Badgers now that's the new name. They are projecting an average price target of 68 percent upside towards 725.

So I wouldn't say that it's out of the realm of possibility that we do see some crazy pushing up. All the Honey Badgers may not know what they are talking about. Sheep investors trust them and base their investment decisions on popular analyst recommendations unless this provides a sort of fundamental elevating factor. But I would not advocate under any circumstances, just randomly holding this as fast as it went up, it can go back down.

What I am advocating for, however, is catching volatility intraday. If we can find confirmation points where we are buying in below fair value or even better at oversold, we could simply buy in and sell out. Keeping the difference of the upside. but make sure to have a plan with these stocks holding and hoping is bad.

And of course, based on my experience and if you're familiar with this channel, biotech stocks like this one usually provide good volatility, but then in the long run converge downward. so be very careful with that And there are a few exceptions. but you should plan for the worst to make sure to have a specific entry and exit point strategy and plan And of course I would be amiss. not to mention our Sp500 bearish fund.

When the Sp500 goes down, instead of wallowing in misery, it is time to multiply and short those movements now. SP Excess provides some clean price action. instead of inflamed bad chi runs like we are accustomed to seen in a lot of the different sectors that we trade, it usually runs up more slowly like a slightly burning banshee. not inflamed.

It's just like slightly burning. Maybe the edge of the wing is burning. But the key here is that with the run upwards, we get series of push backs from the uptrend. Identifying a consistent uptrend with periods of going way below fair value and then becoming overbought means we can approach this by buying in at a good deal below fair value and then selling out when we are overbought and rinsing and repeating the strategy again and again.

If that isn't enough upside for you, you could take on a little bit more risk by simply buying in upon a push back towards oversold and then selling out at a break of directional strength. And that would be another logical scenario in which you could approach this. But anyways, folks I do hope that this video is helpful for you. You should know that there are opportunities regardless of the direction of the market.

The only time where you should be scared is when the markets not moving at all. And of course I also would discourage you from making your trading decisions based on speculation as to where the overall economy or where the overall market is going to go in the next six months to a year. And while speculation can be fun, the point is, as traders, our first primary focus should be on figuring out how to be consistent in any market condition. If you want to be a trader, quite frankly, you're going to need to learn how to survive in any sort of market condition.

There have been bear markets, there have been bull markets you need to survive in both. But anyways, folks, I do hope that this video is helpful for you. If you have any questions, feel free to reach out to us below or join our free zip trader circle. Facebook Group link is in the description I post lightly watch lists there so if you're having a hard time finding opportunities, then you can go ahead and check my nightly watch list in the Zip Trader circle Facebook Group We also have a discord, chat, a trading tutorials, playlist, and a bunch of other resources in the Zip trader.

Hemisphere Anyways I Do really appreciate you watching this video. I Hope that I was able to provide value and you walked away feeling like you have at least a little bit more of a grasp on the opportunities that are available to you and the strategies at which you can use to boost your consistency. If you'd like to see more videos like this in the future, that beautiful red subscribe button will be a great opportunity for you anyways. Have a great day folks and I'll see you in the next video.