Last week, we weren’t too active on Trading View as the coronavirus has given us serious pause. For day traders, it’s a great opportunity because of the volatility; however, it doesn’t fit our trading style. We are swing traders and looking for stocks that can keep running over the next course of several days, weeks and months irregardless of what the overall markets are doing. There’s always money to be made in the stock market. One just needs to know where to look.
Here are last week’s 4 picks on Trading View:
- Long $I at $3.11 and Tuesday close $3.97
- Long $SQ at $74.80 and Tuesday close $80.90
- Long $WORK at $20.98 and Tuesday close $23.25
- Short $BYND at $120.12 and Tuesday close $110.43
All ideas are date and time stamped on Trading View.
So far this week, we haven’t seen anything new we like. Some analysts are looking for bargains in the energy patch, but we disagree. We’ve traded energy futures before and oil is a supply/demand story. There is too much global supply and a global slowdown is coming due to the coronavirus. Now is not the time to be buying oil and gas stocks.
For the rest of 2020, we do like gold and junior miners. We think the $JNUG should be bought on any dips.
We are always running screens and looking for new ideas.
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Disclosure: At the time of this writing, we have no positions in any of the stocks mentioned. We are not financial advisors. Please read our full disclaimer for more information.