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I kinda like your approach to things, Homer. What kind of stocks would Homer say to buy? And how about the oil stocks? Is the party over?
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Oil stocks and oil service stocks have already topped out. ALSO, the party is over for brokers and bank stocks. Dow stocks will lead the rally back so stay with quality names such as MMM, PG, JNJ - also DNA, CELG, AMLN, GILD on severe weakness only. Also, SPY and DIA would be the conservative way to play the rally. Should the Nasdaq come anywhere near 2025 I would load up on QQQQ. Best play in tech on a turn would be QCOM around 37. Right now stay liquid.
You wanna buy the QQQQ when the naz drops to 2025? Sold to you dude....within six weeks, I see the nasdaq dropping to 1755.....I am staying short the QQQQ
Oil stocks and oil service stocks have already topped out. ALSO, the party is over for brokers and bank stocks. Dow stocks will lead the rally back so stay with quality names such as MMM, PG, JNJ - also DNA, CELG, AMLN, GILD on severe weakness only. Also, SPY and DIA would be the conservative way to play the rally. Should the Nasdaq come anywhere near 2025 I would load up on QQQQ. Best play in tech on a turn would be QCOM around 37. Right now stay liquid.
Thank you, Homer. Like I say, you're doing us all a favor with your picks. Thanks!
The capitulation phase has begun. Stay liquid but be prepared to cover shorts and for those on the sidelines to load up.
Homer...Capitulation is not a phase...It happens real fast...I like reading your comments because they make me think...And I do appreciate them...But I'll bet you a buck that the Naz sees 3000 before it sees 1755...We on???
Best, Doug(IIC)
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Homer...Capitulation is not a phase...It happens real fast...I like reading your comments because they make me think...And I do appreciate them...But I'll bet you a buck that the Naz sees 3000 before it sees 1755...We on???
Best, Doug(IIC)
My mistake...Jim said 1755...OK...Jim...we on for a buck???
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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