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In my mind what the market is seeing and some of the news and data is telling is this: The medical aspect of it. How bad is it going to be and this and that? Nobody knows for sure. That’s the thing, nobody knows for sure but we are starting to get more of a feel. I think it is pretty much off the table that everybody on the planet is going to die. That’s not going to happen. It is also pretty much off the table that 15 people are all that are going to die. It is kind of something in between.

They are gradually narrowing it down; we are starting to see other little snippets of news come in that we are getting a little bit better idea. And that is really all I can say without ticking off the doctors or anything else. I will just say that the market is starting to look at this from the medical standpoint as being somewhat, I won’t say contained but we will put it this way, somewhat understood. What I want to show you is, what I would call, Coronavirus stocks. Those are the ones that stand to gain the most during this nasty virus.

APT ( NYSEAMERICAN: APT ); no it is not an apartment. Alpha Pro Tech ( NYSEAMERICAN: APT ), they make those masks that everybody seems to want. You see a big spike here when this stuff was all the rage, it was a heck of a move. Frankly, this doesn’t look like much, this move here, guys, this was like 30 percent or something, maybe it was even more than that; yes, it was over a 40 percent in a day but it just doesn’t look like that. We actually were trading live that day, that was a good trade. But the following days it really hasn’t been, traders are kind of taking profits.

Lakeland ( NASDAQ: LAKE ), this is another one. Maybe they make hazmat suits but they are the protective suits. I took my dogs into the vet the other day, they were all wearing them; it said Lakeland ( NASDAQ: LAKE ) right on the upper chest pocket, they already owned those. Typically you would look at that and say, “Wow, I have got to go buy that stock.” No, this is already yesterday’s trade. It is last months trade. These are not stocks that you should be wasting your time looking at anymore. I am trying to save you time here. Literally, there is no trade here.

If you are looking at this stock ( NYSEAMERICAN: APT ) and this stock, ( NASDAQ: LAKE ) it is either because you are upside down on it. Or maybe you made a lot of money on it and then now you are hoping to repeat it, because, hey, I like repeatable things, so you want to stay away from that.

How about Moderna ( NASDAQ: MRNA )? It is a big biotech company, it’s not a big biotech company but it’s a play on COVID; 35.00, fail, 35.00, fail, 35.00, fail. Each time, though, this is getting closer to that level, so we are getting this series of higher lows. It seems to me like IF not when, if the stock breaks out above 35.00 and holds then maybe that is something that we can get out teeth sunk into, right?

What I am going to do just on my personal software here is, I am going to go ahead and put a price alert there. Now, I am going to completely forget about the stock. I don’t want to own it if it doesn’t get above 35.00. And even if it does get above 35.00 I am not going to buy it, I am going to look at it before I buy it. I want to decide whether it is a stock that I want to buy; because right now all this is is a three-time loser. A failed breakout or test three different times.

How about other stuff? Zoom Video ( NASDAQ: ZM ). This is back to the 50-day moving average, which is a good thing. The tough thing about this chart is, this was really like the last entry, this area right here, the stock has almost doubled, from 80.00 to 160.00 it has been a double here. But then since that time it has given us this double top, a breakdown, and so now it is back to this support level, we will call it 110.00.

The issue that I would have is that it seems like the big steep decline here, it is just kind of trapped all the latecomers, all of the people who bought into this madness, into the, oh everybody is going to be communicating with Zoom Video ( NASDAQ: ZM ). And that may be the case, we know they have some security issues, which, frankly, I don’t know much about Internet security other than VPN, that’s all I know. You can get your security issues resolved, no problem with that, not an unsolvable problem.

What I think is more difficult to solve is this pattern. The fact that, first of all, everybody and his brother and his sister, who doesn’t even trade stocks, knows about Zoom Video ( NASDAQ: ZM ), they all know about it. And so this is one of those stocks that I would put into the COVID crowd. The stocks that should benefit from this COVID virus thing but they have already made their moves.

The last one here that we will look at is Netflix ( NASDAQ: NFLX ). This is the all-time high for Netflix ( NASDAQ: NFLX ) I believe, something like that. You can see, I guess it’s back here but who cares that was in 2018. This is just barely off its all-time high. I missed this move because it’s just not my kind of pattern, you can’t catch them all, now that the stock is up here back to these highs. This isn’t a stock that I am interested in buying right now.

Now, we could see this stock, over the next several weeks or maybe longer, we could see it kind of start to tighten up, kind of drift sideways, work off this big V and start to tighten up. And then sometime in May, they report in a couple of weeks, sometime in May after they report earnings and the stock tightens up, then it starts to break out, that is something that I would be interested in doing. But for now, this isn’t a stock that is showing me that it is time to buy.

So here’s the bottom line on this video: The stocks that everybody has been talking about and looking at, for the most part, are stocks that aren’t giving you opportunities today. They are stocks that did give us opportunities in days gone by. But don’t trade yesterday’s stocks today. Don’t trade last week’s stocks next month.

Even look at Microsoft ( NASDAQ: MSFT ), which I really like. Microsoft ( NASDAQ: MSFT ) gapped up today, sucked everybody in and then drifted back down here or is going to drift back down here. So this isn’t the time, really, to be buying Microsoft ( NASDAQ: MSFT ); one day, a little pullback isn’t a buying opportunity, this is a sign that this move is a little bit exhausted. Pretty decent volume today, so what I would do is, steer clear of all of this stuff. Keep your powder day and wait for things to break out.

Frankly, here’s the stuff that I am looking at (NYSE: RCL ), ( NYSE: CCL ). I thought they were going to move higher and they did for a bit, but I am thinking right about here I am going to be looking pretty smart for buying these on the next dip. Not yet, I was hoping, but not yet. I think we are going to get another downdraft and that is what I will be looking for in order to get into these stocks. Not for a day trade but for a longer-term move.