There are tons of bounce plays out there right now. 

It scares me though how many people are ready to buy the dip here, especially among retail traders. I went into a Verizon store yesterday because my phone broke over the weekend, and I listened to the guy tell me about how he just opened up a Robinhood account (which he hasn’t been paying attention to the news in of late) and he is ready to buy the dip. 

It makes me wonder when I have these stories and a deluge of texts and emails from people still wanting in, how much lower this market can go. I mean, to get a true washout, people need to be scared to death of this market, and it doesn’t seem like we are quite there yet. I don’t know for sure either way, and I hope, even with being 100% cash right now, that this market can eventually bottom in the short-term so we can get one of those magical bounces. 

Below are my list of stocks that I am currently watching if the market finally finds itself ready to rally. We’ve yet to see two back-to-back days of buying in over a month now, so it’ll be important for this market to demonstrate the ability to follow through to the upside. I haven’t bought any of the stocks below yet, but I continue to watch them all very closely for that moment, when it becomes ripe to buy stocks again. 

Get all of my trades that I make real-time by jumping in the Trading Block and start making some profits for yourself!