Markets Live Recap: Our Experts Aren't Buying This Rally

The consensus among our experts here at Money Morning is that the worst for the economy is still yet to come...

Instead of a quick "V-shaped" rebound, they're expecting longer, drawn out, "W-shaped" recovery for stocks.

But that doesn't mean some companies aren't worth owning now...

If you're patient and know what to look for, you can trade in and out of stocks with defined momentum. The trend is your friend. And it gives you a higher probability of making fast money in this volatile market.

It's important to pay attention to the nuances in this market. And our experts know exactly what to look for.

Here's what Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani saw in the markets today, April 14...

Chris Johnson (8:45 a.m. EDT)

  • Chris thinks investors should maintain their protective puts because new lows are still "in play" as earnings season begins.
  • You should only add short-term stock or call exposure on stocks that are breaking above key technical levels (like their 20- and 50-day moving averages).
    • Zoom Video Communications Inc. (NASDAQ: ZM) and Johnson & Johnson (NYSE: JNJ) are Chris' two favorites to buy today - but only for short-term trades.
  • Also consider buying stocks that are seeing short-squeeze rallies.
    • Do this by targeting stocks with high short interest ratios that are also trading above their 50-day moving averages.

Tom Gentile (11 a.m. EDT)

  • Tom likes gold and showed his viewers how to put on a call spread that packs a lot of upside potential, while limiting your downside risk.
  • He also likes Bitcoin (BTC) because it's a scarce asset that's about to be even more scarce after the next halving in May.
    • Tom noted that Bitcoin has risen substantially in the 16 months following the past two halvings.
  • One of Tom's favorite stocks to buy right now is Docusign Inc. (NASDAQ: DOCU) because businesses still need to get deals done during the quarantine, so they're increasingly doing so electronically.

D.R. Barton, Jr. (1:30 p.m. EDT)

  • D.R. noted that while most stocks are up today, the fact that financials and energy are both down is not a good sign for the overall health of the market going forward.
    • The negative news out of JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC) is likely setting us up for some down days ahead.
  • D.R. still likes Microsoft Corp. (NASDAQ: MSFT), Inc. (NASDAQ: AMZN), and gold.

Shah Gilani (3:45 p.m. EDT)

  • None of the institutional traders Shah knows are buying this rally - in fact, they're selling now and ready to short.
  • Shah said investors should pay close attention to the new weekly jobs number to be reported Thursday morning.
  • And in the meantime, investors should be patient and be ready to sell positions and short stocks if they missed the initial down move the first time around.

Catch us tomorrow - starting LIVE again at 8:45 a.m. EDT with Chris Johnson, right here.

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