Stocks took a big hit on Monday 24 FEB 2020, since FEB 2018 was one of the worst days on record as the coronavirus cases spike around the globe. At this point, we should go to the sidelines (go to G Fund on TSP) or outside, the alternatives are clearly (SHY, TLT, DRIP, TMF, and GLD) to name a few.
We should wait for the market to reach the bottom and bounce back before returning to the C fund, or SPY, QQQ, and other value increasing stocks. The time to pick up bargains would be when the MACD starts turning around and head back up on a bounce. I equate that to Stocks on SALE! Some of the stocks that I look to pick would be TSLA, PALL, ZM, NVDA, and WORK. On the index ETF's I would go to the SPY, and QQQ.
For now, the time is for taking a breather and stay on the sidelines.
Be on the lookout, happy returns everyone!
Tuesday, February 25, 2020
Sunday, February 2, 2020
January a wash
January was officially a wash, the S & P 500 only got 0.1% on the books, the pullback had been fueled by multiple uncertain conditions affecting the world economy, the Chinese coronavirus spreading to other countries, the ongoing politics with the impeachment process, and looking back to historical data February is going to be most probably a continuation of the current downward trend. We hope to be wrong on a dimmed outlook, we are looking for a good change.
We recognize the headwinds with China confirmed 9,692 cases on the coronavirus, with 213 deaths. It is not a good picture when the threat of infection has spread to 18 other countries, dampening the global sentiment in terms of economic growth, and the World Health Organization (WHO) has officially designated a global health emergency.
Life is not all about the money, yet we still have to protect each other, wash hands, eat healthily, take your vitamins, don't rub your face, stay home when feeling sick, don't spread germs around. Let's hope everyone gets better and travel and trade return to a better stance on springtime.
In the meantime stay tuned as our strategy for the moment is still a defensive posture reminding on the G fund until we get a bounce out of the S & P 500 index with a signal on an improving MACD confirmation.
Stay healthy and good returns everyone!
We recognize the headwinds with China confirmed 9,692 cases on the coronavirus, with 213 deaths. It is not a good picture when the threat of infection has spread to 18 other countries, dampening the global sentiment in terms of economic growth, and the World Health Organization (WHO) has officially designated a global health emergency.
Life is not all about the money, yet we still have to protect each other, wash hands, eat healthily, take your vitamins, don't rub your face, stay home when feeling sick, don't spread germs around. Let's hope everyone gets better and travel and trade return to a better stance on springtime.
In the meantime stay tuned as our strategy for the moment is still a defensive posture reminding on the G fund until we get a bounce out of the S & P 500 index with a signal on an improving MACD confirmation.
Stay healthy and good returns everyone!
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