After a downward week filled with new cases, social media ad boycotts, and states pausing reopening and as we prepare for the new Jobs report on Thursday, many traders are returning back here with one simple question. an eternal question that has both single-handedly started and stopped wars. A question that has hung over the minds of the masses and in the hearts and souls of the young for generations upon generations. And that question is just what.

Who watch Orly are the top three stocks for this week? Well, in this video, you are going to be learning about the top three stocks for this week. But Charlie, you idiot you forgot to talk about last week's picks, What happened with last week's picks? Okay, let's go ahead and recap last week's picks in do you install a Penny Stocks video. We called out Kpti as it was having an FDA approval on the 23rd. We also reiterated it last week, but we talked about finding it's pre anticipatory run-up and it did have this.

It found its bottom at 15 and have that pre anticipatory run to 20 prior to announcement. Next we talked about you won, you won. We talked about how it has a pattern of spiky, massively selling off and then spiking again and we'd want to play it after a sell off to a good deal the next day. it sold off quite a bit.

We found our bottom at 18 dollars and 10 cents and it had an overreaction correction from 18 dollars in 10 cents to 28d. Very next open. that's a 54% run from correction 54% but of course to be fair, the move wasn't completely clean so you wouldn't have been able to catch all of it. but the after-hours run and pre market run above our SMA line was quite clean and accounted for most of the move.

And lastly, last week we talked about SP excess and the Spxl pair SP excess shorts the market so on Wednesday and Friday SP x s random massively as the market sold off. Very clean runs as well folks. But anyways, if you noticed anything from these recaps, its then if you decided to just randomly buy in because it felt nice you would have lost money. So many people, go on.

they're like oh, I Want to buy stocks here? Hey no folks, you need to have a clear plan. You can't just randomly buy stocks because you feel like it's a good deal. You need to have a plan. You to be intentional with your trading.

How are you supposed to play corrections if you're too busy buying in when the stocks still getting beaten down like a rabid dog? But anyways, much like the famous day trader John F Kennedy Once said, ask not what the market can do for you, Ask what you can do for the market. Provide the market with your due diligence with your effort and with your concrete structured plan and the market will provide you with results. But anyway, speaking of results, the one thing that is guaranteed to always get you results is hitting that ravishing like button. Get ravishing results today when you hit that ravishing button.

Also a quick plug for folks who are looking to learn how to trade. You will get $50 off when you type in Stay Home 20 20 at checkout. Now we were going to expire this Day Home 2020 discount, but because of the July 4th holiday coming up instead of having a July 4th sale, we're just going to go ahead and extend the Stay Home 2020 discount. And with you know cases surging and stuff like that, it makes sense to continue going on with the discount.

But just because it's discounted doesn't mean that it's a good fit for you. Don't rush to buy something because it's on sale. Instead, you should go and familiarize yourself with all that it is that we offer to see if we're a good fit for you and your trading goals and you can learn all that it is that we offer just by going to Zip Trader. You calm.

The link is in the description below. Okay so to start Facebook Now Facebook got beat down like a goose in a goose fire. just under 10% when factoring in after hours. This is on news and advertisers in mass pulling their ads out of Facebook's platforms.

They've lost tons and tons of advertisers and some some big ones for the rest of 2020. Big names like Unilever Starbucks Verizon Patagonia, Honda and Coca-cola to name just a few are pulling out. It's also causing a lot of speculation that more and more names are going to be dropping out, but the problem is that Facebook's primary revenue is advertising and with companies pulling out in mass well investors are speculating Facebook is going to have a disaster of a quarter. That means that Facebook will just have to rely on selling our private data in order to make their ends meet.

But here's the thing we love love love over reactions to news because the more emotional it is, the more upside we have for the overreaction correction. So as Facebook has already started to change its policies this weekend, we are entering an area where we were in a bit of a cat and a mouse game. As more companies pull their ads, it's becoming increase the apparent that Facebook will be willing to slowly change their policies or scale them to get them back. This creates a great opportunity as people emotionally sell Facebook because of advertisers leaving and then when advertisers come back and get a rebound, of course there still will be damage to Facebook in terms of PR and in terms of some of the advertisers completely ceasing relationships or pausing them for the rest of the year.

But this is a very solvent overreaction play and I want Facebook to get beat down further and find a bottom this week so that we can trade off of it. I'm aware that perhaps tomorrow we don't get a beat down and I'll still be willing to play it, but I'd rather have more of a beat down because at the end of the day, there won't be a true bottom for Facebook until they figure out how to fix these policies of Intel The overall news environment is happy with Facebook and if we get our bottom this week and overreacting correction, that's fantastic. But what if more advertisers start pulling out? So this is what I mean. There's this constant risk of new catalysts dropping and causing more downward pressure.

so I would focus on plain short term price strength and short term Corrections I Have no doubt that as this new settles in, we'll have a great short-term bottom to play off of and we can find a great overreaction correction on it. but it'll be short-lived if we get more negative catalysts. and that's why you need to manage your position properly. So monitor the situation, monitor the catalysts, and make sure to control your risk by always having a clear exit point validation.

It is also worth noting that as Facebook has a lot of pull in the overall market, it'll be important to distinguish Facebook's move this week from the overall markets moves. A huge downward push in the overall market would pull tons and tons of capital out of Facebook and that would be a factor that's outside of this catalyst itself, but also has one that can help us get an even better deal but on the same token. Twitter Now Twitter Unlike Facebook had actually been losing strength for a few weeks prior to bad news. This makes it a slightly better deal for when we see a reversal.

and Twitter is also suffering from advertisers pulling out. But Twitter has been a lot faster to adopt changes as compared to Facebook. Twitter has been showing more willingness to censor and implement policies that appease the headlines. For example, they went as far as even implementing fact check notices underneath the President's tweets.

And regardless of whether or not you think social media platforms should be censored or should have these little warnings, it doesn't really matter. The goal of traders and the goal of this channel is to help you trade the news. And when you have such bad news coming for social media companies, you have to two sides of the move to trade Alpha: You have the original band reaction to advertisers dropping out which we've seen on Friday and you have the reaction of advertisers rejoining. That gives us two separate opportunities to play off of, But always remember folks, we don't play stocks just because they've been beat down.

That's like adopting a sick dog off the side of a highway. We wait for it to show signs of a recovery, right? If the dogs barking, it's like, okay, well hey, it's a healthy dog. If the dogs just sitting there crying and yapping, it's not barking or wagging its tail. you know it's a sick dog and it's probably going to die.

Do Not adopt sick dogs. We need signs of a recovery. That is to say, Proof and not Promises folks Proof and not promises. Make sure.

Facebook And Twitter Prove to you that they are recovering by giving you a good setup and confirmation. But Charlie waiting for confirmation it doesn't guarantee you a good position. Well, no, not every confirmation results in a winning position, but every winning position has a confirmation. By the way, if you've been having a hard time keeping up to date with all of our picks and plays, make sure to join us on Zip Trader Circle.

There we post nightly watch lists every night by the nature of being nightly and it's a great place to keep up-to-date with all that is going on in E Market I'll put the link in the description below. Ok, quick update on genus I Still don't like genus. It's been selling off for so long since its original hype and in my mind, this is essentially a foster stock that is trying to trade its way out of the orphanage. and honestly, it's terrible.

But orphans they can't trade their way out of orphanages. It just doesn't work that way. And it's poultry moves are so hard to catch and bring with it a long-term downtrend. and still a lot of downside.

I'd Have to see a clearer catalyst for me to jump into this. Okay, Lastly, with large states pausing, they're reopening of economies and many speculating that further restrictions will be implemented. It's important to be ready with our Fear index. So you V X Y and S T XY are our favorite indices for fear.

When uncertainty goes up in the overall market, You V X Y goes up and when it goes down, its inverse. S V XY it goes up. This is great because it allows you to play off both sides of the move. But of course you want the mechanics right.

you want to know why you are taking a position. For example, on Friday you Vxy went up. It confirmed our price break that broke above our red directional awesome A1 which means it broke into an upper direction and then it reacted. Validation: We love confirmation and validation because it allows us to take most of the move most of the time on high probability setups.

but the mechanics of this is of utmost importance. You could see on this 5-minute aggregation period that we have a clean run, but if you adjust it to the one minute, it's very, very dirty. Why? Because one minute was too aggressive for this move. If you have the wrong aggregation period, you're going to get dirty runs Because one minute was too aggressive for this move.

You need to choose the aggregation period that matches the aggressiveness of your position. You'll know when it matches because it cleans it up like this. above our SMA line. The men, you have to wait for confirmation you want clean runs.

Our whole goal is to have clean runs Ok and quick. Bonus: AMD Now AMD has always been a Zip Trader darling. That's because it's frequent up and down movements mean that we have more frequent over selling in over bind points. Historically, buying in it oversold and simply just holding out to overbought always resulted in a profit.

Of course, that trend doesn't have to continue, but now that we are oversold, it's worth watching for oversold and increasing. And I'm also not blind to the fact that if the overall market decided to tank this week, that would impact and be negatively. But the fact of the matter is that this is a stock that has been oversold farther than the market and is something that I'd be convinced to take a position and if we saw some opportunity and got some proof instead of just promises. Remember, we don't buy stocks just because they've been beaten down, but we wait for them to show signs of a recovery.

Ok folks, Well, if you have any questions, feel free to reach out to us in the comment section below or join us on Zip Trader Circle. Of course, on Zip Trader Circle we do post our nightly watchlist and we post a ton of other good content that can help you become a better trader. There's also a ton of great people in the community so make sure to check us out if you are interested. And if you're wondering what broker, who, what broker should you be trading these stocks on? We always like to send new traders over to Weeble.

You will get two free stocks when you both sign up and deposit using our link below, but it's a great platform. They have great features such as earnings calendars. They have really great scanning capabilities. What else do they have? They have After Hours runners, pre market scanners and stuff of that nature.

It's a really great platform and you also have your after hours and pre-market trading which a lot of other platforms don't let you do and a lot of the movement happens in the the pre market in the after hours, so you might as well have that feature so you can take advantage of it and also protect yourself when the market turns against you. And lastly, if you are looking to learn how to trade if you want to be forged into a traitor, we are offering $50 off if you type in stay Home 20 20 before checkout and that link is in the description below. Anyways, folks have a great day and I'll see you in the next video.