What to buy in this market.

[Max E.]

FWIW, i dont think you should buy anythingin this market, i think we shed atleast another 35% from here.



Here is 4 names and my reasons why i want to be in those names when its all said and done.

How many of these retailers do you think can hold on through a 3-6 month shut down?
When its all said and done, AMZN will be the only retailer left, thats why their stock is this strong.

Facebook, another Tech name you dont like, but do we see people who are locked in their houses as being less likely to go to facebook? I dont see that, their revenue model is based on the number of people who click on their site. With people on lockdown MORE people are likely to visit FB.(Looks sketchier than AMZN)

The next 2 are deep plays, but Mastercard, and VISA are basically in the business of loan sharking, im sure the 2 of them will come out fine on their 20% loans when the economy turns. 2 more charts to watch.

V(Visa) Mad more than 6time their money in a bull market no brainer business, lend people money at 20%

Anyways there is my 4 ideas for a buy on a bounce, but i am just keeping these in the back of my hed for now

 

[Max E.]

Please add!!

 

[El OchoCinco]

Economic slowdown and reduced consumer spending and more defaults on borrowing would indicate one should avoid credit card companies as that is the debt most people first default on in a slowdown...

 

[Max E.]

Economic slowdown and reduced consumer spending and more defaults on borrowing would indicate one should avoid credit card companies as that is the debt most people first default on in a slowdown...

I would agree with you if i thought the government was fair, but time and numbers have shown that the credit card companies never fail regardless of the economy..... Loan sharking is a good buizz!

 

[El OchoCinco]

I would agree with you if i thought the government was fair, but time and numbers have shown that the credit card companies never fail regardless of the economy..... Loan sharking is a good buizz!

Not fail....but take a much longer time to recover and there might be better ways to play the post Corona economy.

 

[jem]

zm - zoom
hitting highs

 

[Bugenhagen]

Sanofi

 

[Max E.]

LOL, what a day, made more than 175 trades today on the ES/SPY before the market even opened, kept sizing in on the short side thinking that the market was just about to puke, only to see it come back, had i simply held my initial short tI would have been up six figures. was up five figures and down five figures too many times to count, finished flat up 2400.

 

[RRY16]

Max@ methtrader.com