Is It Time to Nibble on Selected Stocks?

The market has not bottomed yet, but it may be close to a support level. It's time to consider nibbling on some stocks. Some stocks have held up well during the correction, especially those that might benefit from the change in daily activities due to coronavirus.

 

All three of the stocks below are trading above their 50-EMAs, and their RSI-20's are above 50 (see chart above for an example). They meet the 50/50 Strategy criteria, so they are worth tracking (will be added to new GPS list) for a potential nibble (nibbles only until the correction ends).

 

 

TDOC: Telemedicine software (get diagnosed from home)

 

ZM: Video conferencing software (work from home)

 

MRNA: Biotech company (working on a coronavirus vaccine, and just started first test of a vaccine in humans)