ZM XBI CTIC NVAX SEAM OCGN QURE SLAY MRNA IATE 

The market has been pretty dicey. I have been watching a lot of things and I am starting, what I call, a Phoenix list of trades. And that is stocks that have been really, really down in the dumps, just getting brutalized, are starting to perk up and starting to give us the sense that we are going to start being in this markup phase in a lot of these beaten-down stocks.

So guess which stock I did not put on the list? Zoom ( NASDAQ: ZM ); I just ran out of room. I put on 8, 9 actually, I opened 9 different trades today on different stocks. This is probably one that I will be putting on tomorrow, with a couple of others. And so you definitely need to check this out.

I am drawing a box here over the prices, the top price here is 123.96. My approach on this is going to be if the stock hits 124.00, that’s when I am going to want to enter the trade, right here, I will even write it down. So if the stock hits 124.00, that’s really when I am going to want to be looking at the stock. And I want to be looking at it because this is what I think that is going to do. It’s going to start more of a markup phase of higher highs and higher lows.

So this is the kind of thing that you can be doing. You don’t need me for this type of thing I make it easier because I spend a lot of hours looking for this kind of stuff. But you can do this with this kind of trade. You can look at the XBI ( NYSEARCA: XBI ), check out a list of them, and find ones that look similar. This ( NASDAQ: CTIC ) missed it today, I will probably be putting this on tomorrow.

You can go down and look at these ( NASDAQ: NVAX ), ( NASDAQ: BEAM ). You ( NASDAQ: OCGN ), can see a lot of these ( NASDAQ: QURE ), ( NASDAQ: RLAY ), ( NASDAQ: MRNA ), ( NASDAQ: FATE ) are doing the same thing here. These are things that I am looking at today. Again, you can do this stuff on your own. I have just given you the template for what I am looking for. You don’t need me, all you need is to do some hard work and figure this stuff out for yourself.

H 

Let’s look at Harte-Hanks ( NASDAQ: HHS ) here. I mentioned this a couple of days ago in the Chart of the Day or FITZ IN FIVE, as I call it. It just seemed like the kind of stock that, it’s done going up, it has to be, it is so extended. You look at it on the weekly chart and you say, absolutely, this stock is done going up. And yet it’s not And so we look at this on the daily chart and you can see how this volume has really, really blasted this stock off.

Now, at this point though, I would suggest that it is time for you to take profits. I got in on this stock very late. I just saw it earlier this week so I haven’t caught much of this move at all, but I am no longer in it, I just took the money and ran in this kind of market.

So I would suggest that you not have faith in the trend. Don’t have faith in anything else, have faith in the trade, not the trend. If you took that trade when I suggested it, then why not just be happy with that and take the money?

Now, the stock is still printing higher lows, which is what we like to see, intraday lows. It is still printing higher intraday highs, which we also like to see. But this is the first lower close that we’ve seen since back here, on the 22nd, a couple of weeks ago. And so I think it’s time for you to just take the money here, okay?