Where to next in markets?

Indices are showing sign of life until it surprises us like Friday's closing.

There is lot of opinion, debate, analysis & predictions going on, mostly bearish.

Biggest debate IS......

ARE WE @ BOTTOM

IS IT THE-BOTTOM

OR IS IT A BOTTOM

All this talk adds to confusion about the purpose of investors and traders to be in stock market.....purpose is to make money.....

None of the pundits will tell you how they are making money with A THE BOTTOM theories, but they are too smart to reveal their "secret strategy "

I personally look for a "fair chance to make money considering everything "

Sometimes this strategy means less exposure and sometimes more exposure....only way I know how to adjust my risk.....

IF we look for all clear.....

We should not be in stock market......Money market is always all clear .25% to 5% is the range of reward....

We should try to develop a strategy which suits your own personality...

Some are always exposed to UP DOWN & SIDEWAYS market...OK by me....

Some sell on a slight bit of noise...OK by me...

Some buy on little hope..OK by me...

Some buy,,,because they must...OK by me....

Currently lot of noise...

VIX SKY HIGH

GOLD SKY HIGH

STOCKS are struggling

Indices are WOBBLY

What to do then.......

Wait for Tony Dwyer to give all clear......which could be @ 2100 IF it goes below..he will give you a new number on S&P 500...

BUT..you can IGNORE all the punditry and look for opportunistic trading.....buy 5 or 6 stocks which looks good to you...UP DOWN OR SIDEWAYS...there is money to be made....through equity, covered call or options.....take your pick....

I am most optimistic when others are talking 1600 in S&P 500

Generally it works......

Back to Corona Virus 19 which has become 20 and will keep doing what " model allows it to do "

We have China model, we have Italy model, we have South Korea model and we have USA model...it all depends where you look.....

Most countries are realizing that Chinese model controls the fastest.....so there is hope.....

Good luck with your strategy & thought process.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed