Embrace Market Dips

Hey 5-Star Trader,

The market has been choppy lately. While the indexes have been able to get some upward traction, the overall market sentiment has been predominantly bearish this past week. Although I prefer a bullish market over that of a bearish one, there are still opportunities waiting to be capitalized on.

During the down days, one of my favorite things to do is buy the dip. But with so many tickers to choose from, how do you know which ones will be winners?

When I’m considering buying a dip, one of my go-to sectors is semiconductors. Semiconductors is an essential technology that we use in our daily lives so I’m confident this sector will ultimately rebound. Some of the names I’m eyeing include Semiconductor ETF (SMH), Advanced Micro Devices (AMD), NVIDIA (NVDA), and Direxion Daily Semiconductor Bull 3X (SOXL).

 

I also look for tickers that have a history of volatility. A name like Tesla (TSLA) could be down the day before but then get a bid at the open and take off.

 

Other names I’m keeping on my shortlist include Microsoft (MSFT), Google (GOOGL), Facebook (FB), and Netflix (NTFLX).

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