In a week of record job losses and economic devastation, the stock market continues to rally as if to say lol who cares? The only one that seems to be immune to this virus is, well, the stock market. In fact, if you had invested in the Nasdaq January 1st 2020 when the beer buck was barely known and held through the devastating crash, you'd actually have made money. What a doozy folks! But anyways, in this video, we're going to be talking about the top three stocks for this week going into May 20-22 nough tees which ones are going to have the current events and catalysts that are going to bring a high probability setup and we go. and we trade them.

But you actually understand how to go and make money on these. You are going to need to look at our previous pics. So in last week's top Penny Stocks video, we talked about Clovis Clvs. We talked about how it was due for an FDA approval and tends to run up prior in anticipation of said approval.

Likewise, we announced it when it was trading at 7:14 here and it ran up in anticipation to highs at 931 before closing the week at nine dollars and ten cents which was about a 30 percent run-up and this is why you should always be tracking upcoming FDA approvals. Last week we also talked about AMD We talked about how it has a history of rapid recovery after selling off and since every reaction is an overreaction. the very next day last Monday morning, it ran up and corrected nearly half the move before validating out. At the same time it was overbooked.

But for the folks that like to say Oh Grandpa Charlie always has my back. Grandpa Charlie doesn't always have your back. you clearly haven't met Vic's Last week we introduced VIX Schmidt's essentially tracks fear in the overall market and so Wendy market becomes unstable. It goes up.

However, the market had a week of stability and she fixed went down. So if you are looking for a reason to say that Charlie sucks goat milk, then this is your reason. But at the same time, unless you think that the market is going to magically continue to be stable forever, it's hard to argue against including shakes in your toolbox, but it didn't provide any high probability setups last week. and lastly, a Qst.

Last week we talked about how it's reactive to and how it has an FDA approval coming soon. We called it out here and it ran up throughout the week, finishing 25% up Again, Pre anticipatory run. pretty basic play overall, but pretty solid nonetheless. But anyways, it's no secret that many people compare me to Gandhi and perhaps rightfully so.

But the truth is that while these pics may be great for finding opportunities and following up with catalysts at the end of the day, I myself I won't be trading these unless they have a high probability setup. So if you're looking to just randomly buy into these stocks thinking oh hey, they tend to go up, maybe I'll just buy in. Well that doesn't work because as traders, our goal is to train off the fluctuation. So you need to buy in with a concrete plan.

You need to buy in what it makes sense based on the elevating factors. Okay, well enough with the hubbub of uh folks, the only thing that I ask of you and return for this video is that you hit that ravishing like button. Also, comment below and let me know what you think about the market this week. Do you like these plays? what are you watching? let us know below.

Okay and quick plug for folks who are looking to learn how to trade. We are still offering $50 off that tree to you if you type in Stay Home 2020 at checkout Zip Trader you is of course our round up guide to grow in your account and more importantly, growing your skillset so that you can actually go out and grow your account on your own. But don't be fooled, being a profitable trader isn't as simple as just going out and buying a course you are still going to need to put your head down and learn and put effort in in order to actually see any progress. But the goal of the traitor view is to make it so that you're not lost along the way, so that you actually have the structure to go and invest your time Because so often I see people just dabbling with all these different strategies and they're just totally lost.

So the gloves if trade of you is to make it so that you're not lost, We get you on lost. But anyways. I'll put the link in the description below and you can check it out to determine whether or not you think we're a good fit for you. Okay, so to start Oil Now Oral has largely been on a rebound for the last week, largely due to reopening and increases in economic activity and thus more demand for oil on both the national and the global scale.

But while the media is making it out like we've already run up so much, the truth is, the current price is still abysmal. It's abysmal folks and has a lot of upward potential, even to get back to half of where we were pre. Beer Bug Analysts want you to believe that oil is done for forever because that's what gets headlines saying oil is never coming back. Or oh, the new normal means that nothing's gonna be the same ever, ever again is something that gets headlines.

But as a trader, you can't just go off headlines. You need to look at what their reality is. But Charlie you are so wrong. People will never need oil again.

They'll never need oil again because of the Beer Bug. But the reality is not as extreme. In fact, it doesn't take a brainiac to realize that oil demand is going to increase, S states reopen and more people leave their home. Sure, if we have outbreaks and we have to go and reclose states that had just reopened, it'll be pushed back downward.

But our overall reliance on oil isn't going to magically disappear just because of the beer bone. So that means that we're going to need to have a plan to actually go out and trade it. And the way that we trade oil is with you Co and S. Co.

U Co leverages the movements of oil upward. And likewise, as oil spring back last week we saw massive running up. This was a 50% run alone right here. but another huge focus is being Direction independent.

I Feel like I'm beating a dead horse with this because I Talk about this every video. But we as traders don't know for certain where the markets going to go, where the price of oil is gonna go. So why would we just bet on one direction when we could trade both directions? If you learn anything about the stock market from my videos, it's that the market. Well, it could be a hormonal and irrational beast.

So be prepared. On days when you Co goes down, you can play off the movements in ESCO And finding an intraday clear direction is another way that you can actually go and improve your probability of success. Because if you're training, say I don't know Monday Market open and it's like, okay, well UCO's going in an upward direction. That means oil is going in an upward direct.

So what you do is you trade the side that's in an upward direction. Pretty simple as kill goes up when the oil goes down, you co goes up when oil goes up, kick the member of the pair in the upper direction and then look for high probability setups. Okay, next Resi Now our E Si is a single family housing investment trust that has been having some beautiful fluctuations. This is great for you swing trade.

Curious folks, if you swing that way, that is. ha. But Resi got beat down like a rabid dog and hasn't seemed to find a bottom as of late. But no problemo here at Zip Trader.

We love Top losers. Top losers o Top losers that had previously been in a period of being relatively solid are the best because that means we can buy in and ride back until it regains a majority of its price strengths. But just to give you some background as to what's actually happening, Resi agreed to be bought out in early February at about $12.50 per share, which is of course twice the current share price. And that's why it was so stable right here.

That's why you see this like sort of uncomfortably stable price action around this area. But as the beard bug crisis hit, investors flocked out and resi like they did the overall market. It then recovered as the overall market recovered back to near that resistance level where they were supposed to have a buyout. But then just last week, news broke that the buyout at $12.50 was cancelled and so it got beat down massively.

But Resi is still walking away with quite a good deal. The company that was going to acquire them. Well, they're not going to acquire them anymore, but they are still going to be buying up about fifty five million dollars worth of their shares in providing a twenty million dollar load aside from a breakup fee of twenty five million dollars. Imagine getting twenty five million dollars to breakup.

They say you can't put a price on love, but goodbye babe. But anyway, so here we have a company that moves with the overall market and recovered with the overall market. but it has also gotten beaten down way below with that market that it correlates with would have it currently trading at, which is around that eleven dollar support area. So while I'm not saying that this crisis that we are in isn't going to negatively impact Resi, what I am saying is that if investors were willing to plug their money back in during this crisis, so much so that we return back to previous levels, given that it's fairly like the event will see that this current drop will find a bottom this week and we'll start providing run-up opportunities.

But remember folks, we don't just buy stocks because they've been beaten down. That's like going and seeing a dead dog on the side of the street and saying hey, hey Timmy let's go adopt that dead dog. No, No no, you need to see signs that the dog is recovering. You don't adopt a dead dog and give them to your child.

Timmy Timmy Will be heartbroken. You want a sick dog that's barking and wagging his tail and showing signs of recovery? Okay, Quick Plug I Do want to give you this quick plug just because they're ending their promotion. So We Bowl is still offering two free stocks for anybody who both signs up in deposits. but as of next week I believe they're going to be ending this promotion, so make sure to take advantage of that If you're looking to try a new platform and you want a powerful broker that's also commission free, Weeble is a great platform and the free stocks can be valued up to two 50 dollars, but make sure to check them out with the link in the description below.

Okay, next this though, another top loser. Oh-ho-ho-ho I Know people think that it's disgusting that I have such a focus on top losers, but the reason that we like these is because every reaction is a overreaction and knowing that we can go ahead and take advantage of stocks when they get beat down so massively. In fact, if you remember served from last week they had a negative earnings release and be very next day. It recovered a large portion of that because again every reaction is an overreaction.

but at the same time Visto isn't another cert. Its initial reaction was very slow and very small. That's bad for folks who are trying to play the initial correction, but great for folks who are still trying to play subsequent runs. This though is an outdoor sporting and ammunition company that got beat down about 30% on less than expected guidance for the next quarter.

Now I'm not going to kid you and say that this company is the best company since the company that made sliced bread. It's not going to blow anyone away during this crisis in terms of the fundamentals, at least based on what the company is saying. but I will say that it's insane reactiveness to earnings news and guidance such as here here and hither makes a great case for playing it after running up. It has a pattern of over blowing and after running massively in one direction, it always settles in the opposite direction.

This happens over over over and over again. But the one big deprecating factor that I see with this is just the downward potential to previous lows here, but that just makes a greater case for why you need to be trading fluctuations and not just randomly holding it. So when we see a bottom when we start seeing a solid level of support, we're going to be taken advantage of an opportunity like this. But of course you always want to wait for signs of a recovery.

No dead dogs on the side of the street. but Charlie I don't care what you say I don't care I just want to know what the analysts are saying and all you do is take fake sips of water. Well the analysts are giving it a price target at around $11 which is a solid 56% of upslide. that can help creates and elevating factors amongst the sheep that follow these analysts.

But lastly, we're going to give you a bonus fix now. I Know some of you are no longer excited about tricks because it seems like the market is so settled. but unless you think that the market is never going to be unsettled again, then you need to fix in your toolkit with the market continuing to go up despite a harsh economic reality. I Think it's quite stupid to not be aware of how to trade off inevitable future panic in the market and Sheikhs is one of our favorite ways of doing that.

But you can also opt to short the market because again, at the end of the day, fixed trades off future volatility. But if you want to short the market which means you make money whenever the market goes up, you could also include SP excess in your toolkit as P excess allows you to short the market and play off days when the market goes down massively. It's been doing poorly because the markets been doing so well over the last week, but at the end of the day, if you aren't planning on trading when the markets going down, why not have this in your toolkit so that you can know? like okay, well, the markets taking I'm gonna go and say fix or I'm gonna go and say SP excess have that ready so that you can take advantage because a lot of the times people just don't know what to do when the market reacts in different ways then they've grown accustomed to so grow accustomed to not being accustomed to what the markets doing and have a toolkit for everything anyways. folks I Do hope that this video is valuable to you If you have any questions, feel free to reach out to us in the comment section below or on Zip Trader Circle for those of you who are unaware, zip trader circles or free Facebook group and we post lovely watch lists every night by the nature of them being nightly so you can go ahead and join us there if you'd like to keep up to date with all of the best place.

Aside from that, I Do want to take a moment, a casual moment to remind you to always have a plan. It's so easy to say have a plan, but it's a lot harder to actually implement having a plan right? So what is a plan? A plan means having a concrete entry port in a concrete exit point. For me, concrete entry means a confirmation of a good setup. So you find a great setup, elevating factors such as a catalyst, the RSI being oversold and increasing so on and so forth.

and then you wait for a confirmation of that good setup which is that first green candlestick over the SMA line and then you trade the price break and then you sell out at validation. which is the point where you have more deprecating factors that's compared to elevating ones. That's the point where your price strength goes back into. the negative point is having a plan at least to buy in a confirmation and outed validation means that you can protect your upside and your downside at the same time while also keeping you out of dumb positions.

Anyways, folks have a plan and of course always trade like spoiled brats. And as a last reminder, if you are looking to use this time to learn how to trade, we are offering $50 they've created you. If you type in Stay Home 2020 at checkout, I'll put the link in the description below. Anyways, folks, have a great day and I'll see you in the next video.