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During our Markets Live segments today, April 8, our experts covered it all: stocks, bonds, currencies, and commodities.
So, if you own any of those things... You're going to want to pay close attention.
If you're able to watch live, you can execute the same trades before the majority of the market catches on.
You see, the coronavirus crisis has many second- and third-layer "knock-on effects," which are affecting all industries - not just restaurants, airlines, cruises, and the other typical industries everyone knows has issues now.
It's also changing the way the world looks at fiat currencies, gold, oil, and bonds.
Based on that, here's what our experts - Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani - see as the best way to position yourself for profit today.
- The short-term rally we've experienced so far this week will likely set the market for another grind lower.
- Chris thinks traders on Wall Street will be looking to de-risk over the next week as earnings season ensues.
- So, begin getting more aggressive in positioning your portfolio for a pullback.
- Stock traders should be setting limit targets on stocks they would like to buy at lower prices and trailing stops on positions they do not want to hold during the next round of selling.
- Tom noted the current rallies in bonds and dollars are not good for stocks.
- Here are the bearish positions Tom likes today:
- Put spreads on SPY and USO.
- Physical gold.
- Tonight, you should be paying close attention to Delta Airlines Inc.'s (NYSE: DAL) earnings report.
- And tomorrow, Tom will be showing you how to position your portfolio for what he expects will be a rough Q1 earnings season across the board.
- D.R. is concerned about the amount of time it will take the economy to get back to where it was once the pandemic calms down.
- In the meantime, he thinks investors should continue to hang out in these three tech stocks:
- Zoom Video Communications Inc. (NASDAQ: ZM) - because daily active users explode from 10 million to 200 million since the pandemic caused mass lockdown.
- Citrix Systems Inc. (NASDAQ: CTXS) - because it has some of the best security and cloud computing technologies in the business.
- Microsoft Corp. (NASDAQ: MSFT) - because Microsoft Teams and Skype daily active users are also increasing at a rapid pace as more folks are working from home.
- Shah is looking to buy stocks a little lower than they're trading today.
- One of the best ways to do this is selling puts on the SPY. With puts, you can effectively collect income for buying shares at a lower price in the future.
- Shah is also watching the PowerShares QQQ Trust (NASDAQ: QQQ) because most tech companies are able to operate at the same level they were pre-quarantine.
- Plus, he's telling investors to pay close attention to the Volatility Index (INDEXCBOE: VIX) because it's predicting large swings in the market in the year ahead.
- Shah answered many questions from the audience on his live stream today.
- So, if you want him to answer your questions, be sure to tune in next time.
Catch us tomorrow - starting LIVE again at 8:45 a.m. ET with Chris Johnson, right here.