After capping off another record week in the stock market as state reopen and investors speculate on just how fast our economy will recover. As all this happens, many worried traders are finding that so many stocks are nearing all-time highs and they are asking yet again just one simple question: Pwhat Charlie are the top three stocks this week? Well, in this video, you were going to be learning about the top three stocks for this week, but before we do that, let's go ahead and recap last week's picks. Okay, last week we talked about Nerve. Nerve had gotten beaten down about 81 percent on failure for their drug for Schizophrenia.

Now, since every reaction is a dirty overreaction, we talked about how it would correct and we could trade. that. correction. we called it out at oversold and recovering at 332.

We then reiterated it again on Sunday when it increased to 371. Then Monday market open. it ran from 371 to for 8, which is a total of a near 45% run. Pretty solid folks.

However, if you had missed the first move in Nerve, later in the week we had another where we had our break into an upper direction and confirmation entry point and then run to validation. It ran from 39 to 485 in totality, which is another solid 25 percent move. But these are pretty cookie cutter plays folks. and I've been talking about overreaction since I traded my way out of the womb.

Next we talked about Zoom. We talked about how Zim was due for earnings on that Tuesday and how stocks tend to have pre anticipatory runs and overreact the earnings and then sell-off It did just that ran up 25% in the beginning of the week. But the main play was market Open Monday. We opened pre market with a solid confirmation above our SMA line and then held that price ranks until validation the very next day.

Now, as traders, this is called a clean run because we can simply buy in at confirmation and out at validation. It's fantastic, huh? Folks, We love clean runs. And lastly, we talked about Dicks. We talked about how the protests that broke out over that weekend would likely put upward pressure on uncertainty which would cause Vic's intern to go up.

We talked about how political instability, curfews, and new lock downs we're going to be worrying and Esther's as we battled this pandemic. However, this analysis was completely and utterly wrong. Nationwide instability actually made investors want to invest even more into the market. Investors looked at the instability and said ha, ain't nobody stopping us now Yeehaw, yeehaw and the market rallied throughout the rest of the week.

So even though we called out fix because of uncertainty, Fix provided no solid opportunities. And it's true that we can speculate on current events as long as we want, but at the end of the day, the price action has the final say. so. if nothing else, this is a perfect example of why you can't just randomly buy our pigs, but you need to buy them intentionally and only when they have a high probability setup.

But Charlie should we trade these stocks like peasants? No folks, we don't trade like peasants. We trade like spoiled brats. Unfortunately, a lot of people these days are going and they're looking at the stock market as this place to get on their hands and knees and beg for profits. But the problem with this is that if you're trading like a peasant, you're going to get peasant results.

A peasant looks at a setup and says oh, I guess I'll just buy in now because I think it'll go up ohoho and then they just hold it randomly and perhaps if they are lucky they'll get some scraps. but a spoiled brat looks at a setup and says if this setup doesn't give me what I want I'm going to cross my arms and scream no I don't want it. But on a serious note, if you are not intentional with your trading, you're going to have a bad time. It really doesn't matter at the end of the day how much a stock runs up.

If you're not intentional and you don't know how to trade the fluctuations, how are you going to make money with it? But anyways, one of the things that spoiled brats always do besides trade great setups and cross their arms is they always hit that ravishing like button and of course quick plug for folks who are looking to learn how to trade and that are struggling to find a clear direction with their trading. We are offering $50 off That Trader You which is our ground-up guide on forging you into a trader. But anyways, if you put in coupon code stay home 20, 20 a check out you will get $50 off and you can learn more about everything that we offer on Zip Trader You by just going to the link in the description below. We're going to Zip Trader EUCOM Okay oil.

So the big news this weekend is that OPEC and allies will be extending all reduction cuts into the end of July. This culminates in some of the biggest oil price hikes in 20 years after a long flow of cuts. And if you've been following this crisis since the beginning of the year 2020 started with Russia making a Power Move A power moves by dumping excess oil onto the market, causing oil prices to go down and this put stress on Saudi Arabia to make their own power move by dumping even more oil onto the market, further lower in prices and causing record production of oil. Everyone was just bathing in oil but as this raged on, the beer bug all of a sudden came into the picture and has caused a record low demand for oil at a time with also record high production.

This eventually culminated in negative oil prices which we covered back in late April but anyway sets that oil has been a lot more stable thanks to agreements for all of production cuts and some growth of demand for oil as states and countries reopen. This has culminated in crude oil futures rising from 6.50 cents - 38.9 t 7 cents since we covered it in that buy Oil Now video that we did back in April. But don't worry amongst many analysts were that as soon as oral agreements led up this next month the pricing war would continue in oil would plummet again. However, with agreement to extend oil production cuts, we see more stability from that front and going to the charts if we can hold production and thus the continued supply of oil down.

that means that the main factor influencing oil will then be demand if the main factor influencing oil prices is demand. what that means is that States as they continue to reopen and demand for oil goes up, will have some insane rungs to trade off of. But the main factor isn't just demand because there's some other negative pressures on supply as a hurricane barrels towards the US there are already cuts of production from energy and offshore oil output which will have an increasing upward pressure on prices due to more lowering lowering pressure on supply. So the fundamentals are in place for oil to go up.

But that's not enough because as traders, we can't count on just that. We need to be able and ready to trade both sides of the move. And the way that we trade oil is with Yuko and ESCO. So Yuko leverages the movements when goes up.

ESCO leverages the movements when Euler goes down. Just make sure not to invest in these because Yuko and ESCO are leveraged etfs and that means they are guaranteed to go down over time due to the lovely decay. Okay next, DG ly Now this one's going to get me into some trouble. DG Ly has been getting a lot of traction as of late, as it's a direct beneficiary of the protesting and police kerfuffle that we find ourselves in.

D G Ly makes body worn cameras so as investors poured into security last, Monday DG Oh, I ran out massively going from $1 to $5 at execution haunts and since every reaction is an overreaction, it then sold off before slowly gaining and picking up steam on Friday. And this was even though they did a direct offering on Thursday which usually causes downward pressure on the price. and over the weekend we've seen more and more states and localities requiring their police to wear body cams in response to protestor demands. But this is relevant because the run-up on Friday was as the Kansas Department chose DG Ly as a place to purchase their 2.5 million dollars worth of body cameras.

So Kansas is already using DGL Wide to purchase the body cameras and investors are speculating that this is going to spread to more more states and localities. And so this original hype in anticipation of this here is now turning into a reality. and the question is whether or not investors are thinking that DG L Y will be one of the primary benefactors of more body cam demand Because we're not sure if they're going to win everything or not, right? We just see Kansas and we see some speculation, but we're not sure if states are going to start buying in mass from DG Ly, but there's some reason to think they will. Earlier this year, they were already awarded the largest body camera contract in its history.

So this is a picture of a small cap company that's pushing new grounds in a sector that is about to be booming, booming, and one that investors are most certainly going to give more hype to this week. But don't be stupid, trade the fluctuation. We already know that DG O White tends to sell off massively after running up, so you need to have an exit plan if you're just going to buy and randomly, it's better. if you just avoid it, avoid it like the plague.

Sorry too soon. I shouldn't be talking about planks. Ok, next work now. work has done quite phenomenal, more than doubling from crisis lows at $15 but on Thursday we saw casual 30% drop on earnings and then on Friday we get overreaction laws before giving some correction.

but work aka slack is a work from home remotely type company. Fundamentally speaking, they saw their first quarter revenue surge fifty percent and a net dollar retention rate of a hundred and thirty two percent. It also improved its cash flow overall. So so this is a picture of a very healthy company and a very healthily growing company.

But Charlie if it's so healthy, why did it get beat down? Well, because investors were expecting they were expecting a good earnings report, so they pre factored it in and then sold the news when it came out. Sure, if it had beat expectations, it probably would have taken a longer time for it to sell off, but the sell-off was inevitable. Beatdown was inevitable. Expectations will always, always, always outrun reality.

and then we get emotional over reactions to trade off of coming into this week. we are trading at quite a good deal and as you know, Charlie is a pretty pretty cheap dude. so this is something that I like. But work has a history of getting ahead of itself, selling off and then allowing us to buy the dip and then ride that next fluctuation.

So the question is, will Slack hit its reaction bottom this week so that we can trade off a run up? Because right now there's this huge debate in the broader market as to whether or not these beer bug tech companies like Slack and Zoom will continue to be so valuable after the crisis. The argument goes. The argument seems to be if they were valuable because of the crisis, then they won't be valuable after the crisis. But that's not really a legitimate argument.

A lot of these work from home type companies were already doing quite well before the crisis, and it's now the time for them to convince investors that fee work-from-home trend has been accelerated permanently by the virus. And this is what we are hearing with Slack's own. CEO They are saying that this crisis has extremely sped up the progression of working remotely. So this week I'll be looking for work to find its bottom and then start showing signs of a recovery so that we can play off P.m.

you found Upside. Okay, quick bonus. So I don't want to be that guy. That's like hey, the crash is coming or hey, we're overdue for a crash because nobody really knows.

But it's very, very important. and I've said this over and over and over again. To be prepared for, if we do, you have a sell-off and they sell-off is likely inevitable at some point, right? even if that's 10 years from now. Even if that's 5 years from now, it's inevitable at some point.

So be prepared every day and have in the back of your mind that SP excess will allow you to short the market on days where the market goes down. So be prepared with SPX us and be prepared to make money on both sides of the move. And lastly, if there's one thing that I want to leave you with, it's to be the Charlie that you want to see in the world I Always tell myself you know be Vichaar Lee that you want to see in this world and I want to tell you that today Anyway folks I do hope this video is valuable. If you have any questions, feel free to reach out to us in the comment section below or join us on Zip Trader Circle.

We post lightly watch lists on Zip Trader Circle which are of course every night by the nature of being nightly, so check us out there. And lastly, if you haven't done so already, make sure to hit that beautiful and ravishing subscribe button for more short sweet and simplified videos on how to trade the stock market. Anyways, folks, have a great day and I'll see you in the next video.