What to Trade Now
I’ve spent some time this morning trying to find a new trade, but can’t zero in on anything that seems like a good move. I went back to this week’s Barron’s and saw that even the strategists they polled can’t come up with a good consensus of what’s hot and what’s not.
Six of them say to avoid Consumer Discretionary stocks and three say they favor the same sector.
Four say to avoid Financials and two favor Financials.
None of them says to avoid Tech, but a few like it and that’s one I’m not sure of based on that $COMP chart I drew this past weekend.
Here’s the Barron’s article for those interested in seeing the table.
Once I think I am getting close this market throws me a curveball like on JOYG.?? JOYG beat earnings and forcast a good future, but is down 7% today and was down more.?? I can only assume […]
Original post by Alex Fotopoulos