Stocks in the Spolitght Stocks to watch

The markets continue with their mystery as to which way they're going to go from one day to the next and I would expect this to keep up for quite a while. We have never before experienced such a drastic situation as we have in the US today, or should I save the entire world and I do not believe there will be an easy way out.

My problem is I don't like this market very much, simply because I think there is more room the fall. Right now I have the SPREAD down almost 35%, as is the RUT but the NASDAQ is only offer around 23%. Since I feel the NASDAQ will lead the way for the market's then they have to either catch up with the SPREAD, or the SPREAD will have to catch up to the NASDAQ.

The problem we have right now are not going away next week or next month and the best we can hope for is that things get better because the one thing investors would like to see more and anything else is that were getting a handle on this virus situation and there will be a light at the end of the tunnel.

Another problem I have is my entire 40 years in this business I've always said that there's great buys even in bear market's. As a matter of fact bear market's often create opportunities for us to enter higher-quality situations at lower prices. What I'm talking about his stocks like Apple computer that if they make a big drop by because it will come back. A growing come me with lots of cash knowing for their creativeness is almost a no lose situation.

On the other hand this is a up to him and he to find some excellent situations in the small stock category, although this requires research as there are many misleading low-priced stocks. If we can find one of these companies will have a chance to make strong profits while everyone else is waiting and this is because smaller stocks tend to move on their own and have little to do with the virus, other than investor confidence.

You will find such a stock in this article called cbdMD. It is in a great industry for our problems today and I feel they are quite innovative and could have a strong chance of becoming one of those stocks that has the ability to double and triple in this kind of economy.

The price of gold had been bouncing like a basketball recently moving over the $1670 per ounce level before falling like a rock down under $1500 and back up again. I still don't feel metals are a safe place to be, especially once stocks start moving back up. In my opinion the only way metals have to go in the near term is down.

Plus metals are trading near their higher end of the trading range, and it is a lot easier to fall from the top then to continue climbing, therefore avoid the metals at this point in time. Once this virus problem is solved I believe metals will take a quick and hard drop.

Since I am a technician first, the fundamentals will always take a backseat while the trend will stay in the front. Due to the recent giant fall in the market and a virus problems that promises to continue for some time to come I have solid fundamentals all window and certainly can't count on the recent trend of any stock.

The bottom line is the indices are setting new lows and I believe there is still more new lows to set.

Look at the secondaries like Intel Corp. and Fonar Corp. (after falling from over $22 near $12 per share.) A good stock if you want to buy and hold.

My long-term pick, a stock that could be held for the next 20 years, would be Apple Inc. although the stock climbed over the $300 mark before dropping, currently around $230 a share. It's the kind of company that won't stop growing. They've got a lot of money and are very creative.

My near-term pick, is a stock that hasn't been trading that long and currently is near the 52 week low. The name of the stock cbdMD. Inc., It trades on the NASDAQ and the symbol is YCBD. The current price is about a $0.88 and the 52 week low is $ 0.50. The company just announced the completion of an $18 million secondary offering at one dollar. I would expect the stock to move a bit lower from here simply because of the market's, but anything lower from here is a buyers dream.

I say jump on this stock right now! I will bring more of this company you soon but don't wait for me
with 18 million new dollars the stock could easily climb over the previous $7.24 52 week high,. a hell of a move from here.

I'm betting that the OTC stocks will outperform the blue chips once the viruses is behind us and the markets are climbing again. I believe we were finally starting to see major benefits from corporate tax breaks and this should continue once things get back to more normal.

Looking at the chart above we can see that the current discount to the 52-week high is at -32.65%. On 12/3/18 the discount was setting at -8.81% and 2 weeks later, 12/24/18, it had fallen to -22.46% but it climbed back up on 2/26/19, two months after hitting the bottom, then turned back up further reaching -8.81% again and had been bouncing around since until the markets stepped off a cliff. Remember this is the average of all 30 Dow Industrial stocks.

The DOW 30 -6901.66 (-24.18%) on the year and -7914.64 (-26.78%) from the new 52 week high. All 11 of the indices are in bear market territory by losing over 20% from their 52-week high. WOW!

Another stock I like his Walmart (WMT) $115.13, because it has become much more aggressive and it seems to be attacking Amazon. No matter how big Amazon is, Walmart is in a position to not only catch Amazon, but if they're smart they can overtake it. This is because each and every store is a warehouse making it possible to deliver things to you in just a few hours from the time you order, either online or on the phone.

Also, another best bet would be the lower-priced arena and you certainly need to use caution there, but there are some excellent opportunities if you just do the homework.

Wishing you the best! JR