My Best Ideas For The Week Ahead

This week, there are 2

When markets begin to turn down, finding good names becomes a challenge. Most people are slowly beginning to understand how difficult normal markets are, the days of whatever you buy just going up everyday are clearly over. Even high quality names like Amazon are up a whopping 10% total in the last 4 years, don’t believe me?

Amazon Monthly Chart, pretty wild, right?

Going forward, with the Nasdaq breaking an uptrend that is over a decade long, the tech stocks may not perform like the last decade, in fact I know they won’t, at least until the dollar dips and the FED cuts rates, which doesn’t appear to be anytime soon. People are going to have to expand their horizons and look at other sectors, the key is to look for relative strength. In this current tape, that is hard to find, last week JNJ worked out because of the relative strength it showed the week before. I still like JNJ going forward but I don’t want to bore you with the same name back to back weeks.

So this week, I have 2 names, but why? Well, 1 has earnings this week and I don’t want those who aren’t comfortable with the risk messing around with it. The other name is a defensive name that should do very well in this market turmoil so I wanted to give everyone multiple options this week.

The Best Chart I Can Find Today Belongs To…….