In a week characterized by Jobs reports, failed stimulus talks, executive actions, and a commitment from the Fed to ramp up inflation, many are returning back here with one simple question. This is a eternal question that even the cavemen of ancient times had once asked. In those days, the cavemen would submit their stock orders on rocks, and only three tickers were even available to invest in. And those three ancient kickers were Fire Cave and Kodak.

And of course, Fire and Cave didn't engage in insider trading. But in modern times we are much more civilized and we all agree to come back here once per week to get the answers to that one eternal question. And that question is What? What? Charlie Are The top three stocks for this week. So in this video, we're going to be talking about the top three stocks for this week.

But first, of course, we have to go back and review last week's picks. How did last week's picks go? So last week, in our top August Penny stocks video, we covered Trvn. Trvn was due for an Fda approval on Friday and on Monday we got our lovely pre-anticipatory run. It ran about 23 before validating out, Then on Friday after hours we got our approval.

It ran a total of about 51 after hours. Of course we love clean runs like this because that allows us to buy in, a confirmation, write the price, rank over the Sma line, and then of course sell out at validation. If you don't have this clean run, it's really hard to grab any of this move because it's dirty. But here's the thing.

if you're somebody who likes to gamble on approvals and say oh well, I think this is going to get approved so I'll just buy it before. Well, sure you would have made money on this trade, but what about the next 100 trades? We can never know for certain whether something is going to be approved or not. and so the best way to play these is by taking advantage of setups pre-run and post run. The other side is that a lot of people who actually do catch the move, they like to just randomly hold it afterwards.

I'm willing to bet anything that a sizeable amount of people who accurately took most of this move are still holding it even though we got validated out. But this is ridiculous. Every reaction is an overreaction, and the fact is that most Fda Catalyst plays do cool off after the announcement, and even if it doesn't cool off and it starts running up again Monday morning pre-market or Monday at market open, who cares? we can just play the second move. Why do you need to hold through stagnation? A lot of people think that the stock market gives you some sort of participation trophy where if you hold it for a really long time, the stock market's like, oh, you did a good job.

But the problem is that as traders, while we're trading, the fluctuations, so holding, when there's no fluctuations, it doesn't really make any sense. Make sure you're playing the pre-anticipatory and the post-reaction separately. What is the point of buying and trying to hold your stomach through all of these dips when you literally could have just traded the runs themselves? But Charlie, I can't trade these because you can't trade in the pre-market or the after hours. So this problem is easily solved by getting a broker that allows you to trade in the pre-market or the after hours such as Weeble.

and Weeble is the preferred platform that we recommend for this, and we'll put a link in the description below, but you could trade on any broker you want. just make sure that it has the pre-market and the after-hours trading. Okay, next in last week's top three stocks video we talked about Chegg. Chegg was due for earnings and it ran up in pre-anticipation and then ran up to 90-75 upon announcement.

It cooled off throughout the rest of the week, but then on Friday gave us another clean run back to just under 90. Okay, next Intel. Now We called out Intel as it had gotten beaten down like a rabid dog after delaying the latest generation chip. It run up a few measly percent in the beginning of the week, but still has failed to find a bottom.

That being said, if we don't get a clean setup, we might as well continue selling off so that eventually when it does recover, we'll get more of a favorable setup. And lastly, we talked about Jnog. Jdst. These are our lovely gold etfs as gold ran up earlier in the week so did Jnug and then as gold sold off later on, Jdst ran out.

But anyways, folks, a quick heads up. I see so many people that are like will blank stock go to the moon or I believe blank stock is going to crash and I get that. It's exciting and it's fun to play with forecasts and predictions, but understand that trading has very, very little to do with forecasts. Let me give you a quick analogy.

Let's say that you're going to the beach. If you were going to plan a beach day for the next week, you'd probably go and check the weather forecast to see if it is likely to be raining or sunny on the day that you were going to go. And if it says it's going to be a sunny day, you're like, okay, Fantastic. But then if that day comes around and you wake up that morning to pouring rain and you think you may be in the middle of a damn monsoon, are you still going to go to the beach? Hell no.

But Charlie the forecast the forecast that it was gonna be sunny. Well, no, you wouldn't go to the beach because you have the common sense to know that based on what's happening in their real time, it doesn't make sense to go to the beach, have to be able to make a real-time decision based on what's actually happening now and not just on what you thought was going to happen. And yes, part of this means putting in the work to plan for different scenarios. and that's where trading analysis comes in.

But anyways, folks, I checked the forecast for this video this morning and I saw a hundred percent chance of ravishing this. and in order to take advantage of that, you better hit that ravishing like button. Also, quick plug for folks who are looking to learn how to trade. Our Zip Trader U program is still 50 off when you type in coupon code.

Stay home 2020 before checkout and I'll put the link below. but I find that a lot of people like to treat trading as sort of a sad joke. They'll go and they'll dabble in tons of youtube videos, They'll try out different strategies, and they won't really commit to anything, and then maybe they'll take some random trades. They'll lose money.

They'll win money. They think that if they do this long enough eventually it'll just all connect the dots and they'll magically be a profitable trader. But this is like going to the gym haphazardly and doing two reps of random machines when you're there and then asking, why am I not in good shape? Well, the answer is obvious: you didn't have a clear strategy to get into good shape, you didn't commit to any workout plan, and well, you didn't have a clear structure to get where you wanted to go. And while you has always been our solution to that problem, the truth is that there are many different ways to skin a cat.

Just make sure that you have a clear plan and you have a clear way of being intentional with what you're doing so that you can actually get where you want to go. Okay, but enough yapping. So to start. Baba Baba Goshipa-baba Baba has been trading in this range for quite a while and it's had our beautiful comeback formation where it goes up, then down, then up, then down, then up and down and it's going down again within that same range.

The reason that we like this is because it's quite juicy for lower risk swing trades. But here's the thing. Baba is getting some downward fundamental pressure because of the whole China U.s tension ordeal. But this creates opportunity for us if this overall downward pressure pushes us back down to support and it starts recovering.

Fantastic! If it breaks support and starts a downfall, that's even better. Why? Well, because Baba's earnings are coming out on August 20th, that means the lower we go, the more upside we have. If the earnings are good, analysts are projecting earnings that lead to a price target at 275. So if we were trading at 270, I'd be like eh, this is a weak play, but if we got beat down to 240 or even perhaps to 10 to 20, I'd be so giddy and ready to buy in upon new increases.

And historically, buying any major dip in baba, especially throughout this crisis, has always been a good idea. But now that we are trading higher up, it's just important to ensure that we aren't just buying dips, but we are actually waiting for it to show signs of a recovery. And don't forget, earnings don't have to be good. In order for us to have a pre-anticipatory run-up, we really just need to play setups.

No need to forecast as to what is going to happen or what's not going to happen. Okay, next Eton. Now, Eton will be having their Fda approval decision on Monday, August 10th. They were originally scheduled for July 12, 2019, but that got delayed back then.

We actually covered that last year as well. So if we go back to summer of 2019, it actually had quite the pre-anticipatory run beforehand. But then the delay led to a beatdown. Eton never really recovered from.

but anyways, at the current time, we were trading at about the same area we were trading at pre-crisis But now Eton has other drugs farther along in the pipeline and has an Fda approval decision tomorrow. If Eton gets its Fda approval, this is a drug that many are speculating will likely generate around 9 million in revenue for Eton, which is pretty significant considering this small biotech company literally only has 0.1 million in current revenue. With that in mind, you have to ask yourself whether or not the passage of this will cause investors to go haywire. And I'm not saying that Eton will actually be able to generate this 9 million in revenue.

Maybe they will, maybe they won't, But what I am saying is that this passage for sure has the capability of convincing people that they will be able to generate a significant amount more of revenue and thus will run up the share price. And honestly, if it doesn't get passed, who cares? We play off a beautiful overreaction correction. And one more note: Etan is essentially partnered with Bhc. Eton makes and designs the drug, but Bhc is the one that markets and sells it and provides some extra funding.

So a win in approval for Eton would mean a win for both tickers Eton and Bhc. Bhc is also very reactive to news. Last week, we had an earnings reaction that ran it up massively and then sold off the next day. This is quite spikable folks.

and by the way, I was talking to my non-existent grandson the other day and he was like Grandpa Charlie Why Hawaii are more than half your viewers not subscribed to your channel? And yes, my grandson would say why just like me because it's the family dialect so if you wouldn't mind, make my grandson proud. Okay, next D-dog Now this is dated dog and date. A dog got beat down like, well, a rabid dog no pun intended. But it got beat down on its earnings announcement.

Were the earnings bad? Well, no. they actually benefited widely from this pandemic. and they even beat the crazy estimates that the analyst monkeys were projecting. But this is the con of pre-factoring in intense earnings.

Once they get pre-factored in the over-emotional share prices push it up too high, and then when it inevitably comes out, people take profits and it gets beat down. Now if you break down the reaction, we got beat down from 96 67 to 73 25 and this initial overreaction corrected nearly half of itself. But then it got beat down and oversold once more. Now we are in a period of oversold and increasing.

So if we hold this price strength, I might be convinced to take a position upon pre-market or market open Monday. If not, I'd like to see it continue to hold this bottom, and eventually I'll take a position when it does show that price strength that we want. And if this is wrong and it continues selling off, well, who cares, then we'll just have to wait until it finds a new tested bottom. Patience is a virtue Traders patience is quite the virtue.

Okay, and lastly, a quick reminder: Fe Nc will be having their Fda approval decision on Monday. They also have a pattern of reacting massively in one way, bottoming out and then running up the other way and then so on and so forth. And this is worth knowing about because again, this is a catalyst play where if we get a decision, we'll want to scout for post-reaction runs. Or hey, a post-reaction beatdown would be fine as well.

Okay folks, well I do hope this video is valuable to you and make sure to treat all the stocks that we talk about as battlefields. I can sit here and scream about what battlefields I prefer trading on and the ways that I prefer going into battle. But if you don't have a clear plan of which you're going to use to trade and survive in battle, then you're going to get wiped out like the soldiers at the end of the 300 movie. So make sure that you're being intentional with everything that you do.

And of course, make sure to follow your plan and trade like a spoiled brat. But if you do need some extra help following all the different tickers, we do offer nightly watch lists in zip trader circle. we call these the zip list We post them every single night. And lastly, if you're wondering what what broker to trade these stocks on, Well, we do like to send new traders over to Weeble.

and Weeble is offering two free stocks if you sign up and deposit with our link below. Anyways, folks have a good day and I'll see you in the next video.