After capping off a week that we can only characterize as a depressed kangaroo and the worst week for the Nasdaq since way back in March, we now find ourselves in this period where people are already rushing to declare this the second crash. and after all this, the crowds have gone quiet. But wait, do you hear that noise folks? I hear the crowds. Oh my oh my.

They march in masses, They chant songs of battle and songs of courage. You are hearing the noise of the chosen ones. The chosen ones that were chosen not to sit in fear, but to stand up and trade. These humble foot soldiers choose to fight not with stick and sword, but with mouse and stock.

And they have come far and wide to return to this simplified spot in order to answer just one simple question. And that question is what? What Charlie Are the top three stocks for this week? Well, in this video, you're going to be learning about the top three stocks for this week. But before we do that, we must talk about what happened last week. Okay, so first I gave a warning about Gme.

Gamestop was last week's hell no. Stock had just come off of an uptrend and a lot of people were hyping it up as being the next big momentum player whatever that meant. But the actual data showed that their earnings report was going to be a complete slaughter. and that's what happened.

So Gamestop's earnings report did come out. And unlike what the analysts and folks on stock twits were saying, Gamestop didn't extend a huge momentum run. it continued selling off. Point.

Here, isn't that I knew that it was going to sell off. The point was that looking at data, looking at actual numbers is really helpful in order to make an educated analysis on what's going to happen. Okay, next last week we spoke about playing the volatility in the tax actor with S Triple Q and T Triple Q as triple Q goes up when tech goes down and T Triple Q goes up when tech goes up. And boy was this the week for S.

Triple Q. We had three to four clean runs throughout the week, depending on your aggregation period of choice and then on the momentary pushbacks. Triple Q had clean runs, but I will be the first to admit this week that I was a huge hypocrite you may remember. Last Sunday we spoke about how I was bearish on tech and less biased towards S Triple Q and I was right to be biased towards S Triple Q.

But the problem is that the market is never purely bullish or bearish and being biased towards the downside made me both miss out on Triple Q's run midweek, but also made me miscalculate S Triple Q during that same time period. So please folks understand that I myself also struggle to hit the very same high standards that we expect from you in these videos. but it is the striving to hit high standards that actually makes us into better traders. Next we spoke about Yuko and Esco for trading oil and about the whole Saudi price cutting drama and both did have runs.

but this week Yuko had just these intense runs again and again in the beginning of the sessions. And lastly we spoke about Amd. Now Amd is a comeback king and we spoke about how every time it gets oversold, it then gets overbought and Amd ended up overselling the very next morning and then running up to overbought very quickly after. But anyways, folks, the reason that we as traders are the chosen people of the stock market is because we choose only the best of setups.

If we are the best chosen people, doesn't it make sense that we choose only the best of setups? I say this all the time, but the stock market is very similar to a battlefield Thing is with the stock market you can go and say hey, look I see all these different battlefields. I can choose the battlefield that has the most likelihood of me winning. And of course if you just wander into battles without a clear plan, obviously you're going to be more likely to lose. But anyways, before we go into battle, the one thing that I ask in return for this video is that you hit that ravishing like button.

Do not battle the ravishingness. Also quick plug for folks who are struggling to make progress with their trading and would like to be forged into a trader through our ground up course, private chat and new morning briefings. We do offer Trader U and I'll go ahead and put the link in the description below if you'd like to learn whether or not we are the right fit and yes, coupon code stay Home 2020 is still valid. If you use that before checkout, it will get you 50 off.

Okay, so my first play this week is really an obvious one when you think about a company that is a front runner and pioneer in the electric vehicle race and one that is a household name that people both love and cherish around the world. a company that people see as the future, and a company that is run by a damn genius. What single electric vehicle company comes to mind? Is it this one? No, it is not this one You, it's this one. This is an electric car company that everyone knows is doing big things and one that I trust any day to drive me down a sloping hill.

And better yet, this company just had a partnership with one of the world's most forward-looking innovators. When you think earth shattering company, the first company that comes to mind is Gm General Motors folks. Respectfully, you need to stop living in the past with Tesla. Everyone knows that Nikola and Gm are the future.

Who needs cars that actually work when you can have cool digital renderings of trucks? Okay, that was a sad joke. Nicola came under fire this week after a drop of research from Hindenburg that alleges that Nicola was a huge scam. It alleges that Nikola faked its truck's ability to drive by, having it just simply roll down a hill. It alleges that Nicola lied about its battery technology, and it alleges a host of other issues that we don't have time to get into right now.

but these allegations pretty much erased all of the gains from Nicola's partnership with Gm from earlier in the week. But the thing is that Ceo Elizabeth Holmes I mean the Ceo Trevor Milton has been putting out a tweet storm over the weekend, and the truth is that the company hasn't really officially responded to the allegations or attempted to dispute them. other than playing the lawyer card. The Ceo explained that they can't reply to allegations yet and are preparing a complete document to answer these questions with the Sec in mind.

Though, to be fair, this does sound like stalling. but I'm looking forward to seeing how they combat these allegations. and while I have seen worse allegations get completely disputed by other companies at this point, there are just so many lines of issues here that I just can't imagine how they are going to do damage control. And to be frank, this is just too much for even me to touch at this point.

The truth is that if allegations end up being true to any extent, it wouldn't be too wacky to see a halt or suspension of trading. I will not be touching this, but I'll certainly be sitting on the sidelines seeing what happens. Maybe we'll even do an update video later this week as the story develops. So our first pick this week is Chewy.

So Chewy is a pet food company that got beat down on earnings, and this beatdown puts us at about 30 percent below their recent highs at 74 dollars. But if you look at the earnings, Chewy's net sales grew 47 year over year, and the company acquired 4.6 million in new customers. which to put that in a lovely perspective, is more new customers in the first half of 2020 than in all of 2019. And I actually love the Chewy business model because people who own pets are going to need pet food regardless of the economic condition, and as Chewy has a powerful subscription service, they can get people looped in and get a consistent level of income.

which is very important since Chewie has gotten so many new customers added this year. means that many of these people who just joined in the first half of 2020 will likely continue to stick around and continue earning Chewy money for future quarters regardless of whether or not new members sign up. But surely we still got beat down. Even though the earnings were good, I thought good meant go up and bad meant go down.

Well, this is a stock that was up over 100 on the year. Sure, investors these days are still willing to pay a premium for healthy and growing companies, but at some extent these earnings get pre-factored in and make it a ripe position for selling off. But you do have to think about this in terms of distinguishing the earning sell-off itself from the overall market sell-off The way we do this is: we look at the market right now. it's down about six to seven percent from all-time highs.

Chewy, though, is down about 28 from their all-time highs. That means that while Chewy was hit by the overall crash, there's a large gap between how much it's been hit because of the market pushback and how much it's been hit because of the earnings. That is important because the more something gets hit because of a news catalyst, the better candidate it is for an overreaction correction. Once it declares a clear bottom, and because Chewie has reacted so massively to this earnings report, we've built margin for Upside That doesn't just take into consideration what the market is doing, but also what Chewy did.

margin for upside is important because then we don't have to depend on the market recovering to recover or upside. People always ask me, well, how do I buy stocks If the market's just taking well, it's by building margin between where the market's affecting the stock and what the stock itself is doing. If the market does recover, that would help this position greatly, but we need to at least have that declared margin for the catalyst to have its own upside. So I am looking for this to declare a bottom and show signs of uptrending.

By the way, folks, if you are having a hard time keeping up to date with all the pics that we talk about in these videos, well you should join us in Zip Trader Circle. This is my favorite circle in the whole wide world and this is a group where we post our nightly free Facebook watch lists and that way you'll never miss out on some of our favorite picks. But I'll go ahead and put the link to that in the description below. It's a free Facebook group so you might as well check it out.

Okay next, Eton, Lovely, Eton. Now Eton has been quite the teaser. We originally called it out because it was due for an Fda approval decision and this whole kerfuffle happened here where it ran up massively and then got beat down massively and then recovered back way back in early August. But ultimately the Fda approval decision back here that caused these runs ended up getting delayed and now the new date is September 15th, which is this Tuesday.

Now I have a whole breakdown of Eton in my top 7 penny stocks video for September that I released like 10 days or so ago. But Eton is a bit of a golden goose because they have not just won Fda approval, but two they have another Fda approval on September 29th. This is significant because Fda approvals are really the mother of all catalysts and almost always guarantee some massive reaction in one way or the other. And when you get two, you get a huge influx of speculation.

But the way that we play these is the pre-announcement and the post announcement. Since we can't guarantee we'll get good news, that means that we'll have to play the run separately in order to manage our risk. And by the way, a lot of these runs do happen in the pre-market and the after hours. So if your broker does not allow that sort of trading, a lot of brokers only let you trade when the market's open, so if your broker doesn't allow that trading, make sure to sign up with one that does.

I recommend Weeble. Weeble is offering one free stock if you sign up and deposit with our link below. But whatever broker you choose, just please make sure make sure that it allows you to trade in the pre-market and the after hours. and maybe test it out first too, because some brokers allow you to do it, but then they won't execute in the pre-market and after hours.

Anyways, back to Eton. What Charlie are the monkeys saying? Well, our monkey analysts are ranking it at a price target at a median of 15, which is a casual 100 or so percent of Upside. Now, I will never agree with monkey analysts on their hype, but there seems to be consensus that if Etan's approvals come through, we have this huge opportunity for Upside. Now I'm not going to say 100, but hey, maybe 30, Maybe 40, maybe 50.

The key is making sure that you're trading the fluctuation instead of just holding and hoping. Though Also, for you Tesla junkies, yes, Tesla is a top stock this week and I put out a time sensitive video on Tesla Friday night which talks about the event that you need to know if you were trading Tesla this week. I'm not going to go deep into Tesla in this video because we just have that whole video made. I think it's like eight minutes or something like that.

So go watch that if you want to learn about Tesla. Okay, and lastly, before we finish, let me just reiterate T Triple Q and S Triple Q. Now, I don't want to make these their own pick every week because it gets a little bit dry when you're just talking about Etfs. but just know that we do always recommend that you keep an eye on T, Triple Q and S Triple Q because on days where the market is super volatile, you want to have the best opportunity available to you so you can just trade the entire market.

Anyways, folks, if you have any questions whatsoever, feel free to reach out to us in the comments section below or join us on Zip Trader Circle. By the way, if you are finding value in these videos, make sure to hit that ravishing subscribe button as well. It's funny because I have no problem demanding, brutally demanding that people hit that ravishing like button. But when it comes to subscribe, I'm like, sir, if you would like, if you would like to subscribe, maybe you can subscribe.

But the truth is that if you do see value in these videos and you'd like to be the first to know when we post a new video, you'd like to keep up to date with all the different opportunities that we cover, then do not be afraid to hit that subscribe button Anyways, folks, I appreciate you tuning in to watch this video and I'll see you in the next one.