sport football: Ask the Experts: Your Crash Course to Trading through COVID-19

Senin, 06 April 2020

Ask the Experts: Your Crash Course to Trading through COVID-19

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Ask the Experts: Your Crash Course to Trading through COVID-19

Dear Reader,

You asked, we answered. We gathered Tom Gentile, America's #1 Pattern Trader, Shah Gilani, Capital Wave Strategist, and Keith Fitz-Gerald, Chief Investment Strategist, to share their insights with us.

Together, they're bringing you the the best advice and answer your most-pressing questions during this volatile time. Take a look:

Ask Tom:

Q. Are we in the midst of a bear market or a bull market?

A. I believe it is a bear market. From August of last year to February of this year, we've been moving steadily higher, right before the big drop. Now, we're hitting lows - closing lows - that have retraced back to 38%, 50%, and 61%, which are something called Fibonacci Retracement Levels.

These steps show resistance. The first area, that 38%, shows that we've retraced 38%, or come very close. Now, and only time will tell if we'll continue that downtrend, but we could hit that 38% and continue down... Or, we could blow through all three of these and create a V-bottom.

I think that's likely... but it's not an absolute.

Q. What are your top picks?

The first ones to highlight are the FAANG stocks. FAANG stands for Facebook, Apple, Amazon, Netflix, and Google, and they are paired together because they are the five largest tech companies in the United States.

Recent high-fliers set all-time highs pre-coronavirus and are likely to rebound sharply once the market bounces as well: I like Tesla, Mastercard, NVIDIA, and PayCom Software.

I also have a few shorter-term plays, but I would recommend treading very carefully - if at all - since they've already run up quite a bit higher in the past 30 days.

Ask Shah:

Q. JPMorgan say's we've seen new lows. What do you think?

I hope they're right, but I'm in the "show me" camp and don't believe investors are going to want to hold onto stocks or buy more as the infection rate and deaths in the U.S. and globally trend higher.

Q. The market is soaring, even though unemployment rates are going through the roof - what's happening?

Two weeks ago, unemployment soared to a record 3.8 million, or 11.6 times more than the previous week.... but that didn't stop the Dow Jones from tacking on 19.07% since it's March low.

That's because people are grateful that the unemployment numbers aren't lower. They're also grateful for the $2 trillion stimulus bill that has just been pushed through Congress.

On the flip side, some of these businesses will never open again, and we could be headed into a recession. Whether it lasts two months, as some folks are saying, or much longer, it doesn't matter.

Only time will tell - so enjoy the rally while it lasts.

Ask Keith:

Q: How will I know when there's a market bottom?

A: When the orderly selling we're seeing changes to "out at any cost." Bottoming is a process, not a moment in time.

Q: I'm now down big. What do I do next?

A: First things first: Do NOT underestimate the situation. If you need the money, have a very careful talk with your financial professional. If you don't and can stay invested, hedge using Rydex Inverse S&P 500 Strategy Fund (RYURX) or Proshares Short S&P 500 (NYSEArca:SH), both of which I continue to recommend. Then, get ready to buy. The first curative news combined with widespread testing will send money into the markets and ignite a rapid recovery. The president has made it very clear that he will pull out all the stops, leave no stone unturned, and leave no red tape uncut to ensure recovery.

See you next time,

The Total Wealth Research Team

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sport football

Senin, 06 April 2020

Ask the Experts: Your Crash Course to Trading through COVID-19

Ask the Experts: Your Crash Course to Trading through COVID-19

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