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Tonight's Action List for Thursday, October 3, 2019

$NIO enjoyed a ‘dead cat’ bounce. One last chance to exit as another buyer stepped in.

Bad day for $F Ford and any stock reliant on a strong economy. That ISM number posted yesterday is the worst since 2009. Watch $FCAU (avoid), Tata Motors, and $GM, too.

$AMTD broke down after Schwab started the no-fee trading war. This sector will end up with minimal profits at this rate. It will have to PAY you to trade at this rate. Watch: $TD, $SCHW.

The $SNAP short idea plays out. Short-selling works out when markets are down overall.

What’s the monthly plan for October? DGI – dividend income stocks aren’t holding up. $NOK is below $5.00. Oil and gas are particularly week. Don’t even think about buying weed stocks on the dip. The correction has yet to end.

A new leg to the downside for financials. Await an entry point for $SAN, $BAC, $C, $WFC, $JPM. The drop may play out for a while.

Don’t even think of buying China stocks unless you think the trade talks will give an uptick.

Watch: $BABA, $IQ, $BIDU.

Did you sell stocks before Oct. 1? Are you holding lots of cash? Comment below!


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