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4Markets faltered in early trading this morning as the Trump administration moved to block shipments of semiconductors to Huawei Technologies from global chipmakers.
Retails sales data also showed a 16.4% month-over-month drop in April – an all-time record.
The news sent the Dow down 1% to start the day, before it rallied and closed 0.25% higher as news surfaced that the White House would likely support a new round of stimulus checks.
The full bill would include an additional $3 trillion total worth of stimulus.
Here's what our experts – D.R. Barton, Jr., and Shah Gilani – thought about the moves in financial markets today and what they're looking for next week.
- D.R. noted that the gold to silver ratio had never been higher than it is now.
- That means gold has never been worth more relative to silver in their respective histories.
- If silver pulls back, D.R. thinks investors should take a strong look at buying the metal.
- D.R.'s best trade today:
- Buy the May 29 $315 call on Apple Inc. (NASDAQ: AAPL).
- After the stock's pullback from $319, AAPL found support at the $300 level earlier this week. And it's still in a positive bullish momentum trend with a high probability of breaking out to the upside.
- D.R. thinks this short-term trade will pay off in the next week or two.
- D.R. also likes NVIDIA Corp. (NASDAQ: NVDA) at current levels because of its fundamentals and technical positive momentum.
- Fundamentals: The Bitcoin halving and growing number of people playing video games are both increasing demand for the company's computer chips.
- Technicals: The stock is trading well above its 50- and 200-day moving averages. And the 50-day is far from breaking through the 200-day to the downside.
- To get trades every day, check out D.R.'s Dark Edge Project – where he goes live every morning at 10:35 a.m. EDT.
- Shah thinks there's almost "no reason" for investors not to maintain a position in the Proshares Short S&P 500 ETF (NYSEARCA: SH).
- Shah is also an advocate of buying puts on the PowerShares QQQ Trust ETF (NASDAQ: QQQ) if the index rallies next week. It's already on the verge of overbought territory.
- Shah is still bullish on gold and gold miners.
- The SPDR Gold Trust (NYSEARCA: GLD) is his favorite way to play the metal if you can't get your hands on the physical commodity itself.
Catch us Monday – starting LIVE again at 8:45 a.m. EDT with Chris Johnson, right here.
If you missed our live streams today, you can now replay them on our YouTube channel, here.
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