Looks like things began to bottom out a little bit last week and we may be reversing. That being said it seems like the stimulus checks started going out this weekend. In my opinion, the “stimmies” will be a catalyst that will drive the market higher in the next coming weeks, since people will probably put their money into the markets.
Stocks I will be watching for potential upside/downside swing plays. I Feel the precious metals are poised to start rising, mostly Platinum and Silver:
Platinum Group Metals Limited ($PLG)
Sprott Physical Silver Trust ($PSLV)
First Majestic Silver Corp ($AG)
Some others I am looking out for
Vaxart Inc ($VXRT) - This has been shorted to death and looks like it is about to trend up.
Draftkings Inc ($DKNG) - This rallied a lot last week, but looks like it has a little bit more steam to push this week.
Lastly, just a quick reminder:
The #trends issues have moved to go out on the 1st of every month, which will contain more in-depth write-ups
The #cryptobrew issues will go out on the 15th of every month, starting tomorrow
The #watchlist issues will remain weekly, but was trimmed to focus on just stocks I’m watching
As always, this is not financial advice. I use this as a way to journal my thoughts and share with anyone else interested enough to want to read this, as well as for educational purposes only.