Man, this week is almost the textbook description of a boring week for a market.
We’re not going to hear anything from the Federal Reserve.
Earnings? There are nine companies reporting this week, and only one of those is worth watching.
Economic data? There is one big report that we’ll talk about later this week: The monthly jobs report for the month of March will hit the wires on Friday.
This is exactly the type of week that I need to reiterate one of the basic rules of investing…
Never short a boring market.
I think everyone knows that there are a few stocks in my short portfolio – including Tesla (TSLA) and Apple (AAPL) – and they’ll stay there through the week, but I won’t be adding new positions.
The reason is simple: Historically, the market has a bullish bias. In general, people want to buy stocks, not sell, or short them.
Add to this the fact that we’re entering the pre-earnings season, and well, now you’ve got even more reason not to try to call for the demise of a certain stock.
I’ll cover the earnings season in more detail with you on Wednesday as part of my preparation for the upcoming season.
Take my word for it, this is one of the best times of the year to add stocks to your portfolio. I’ll give you more than a few trading and investing ideas over the next month.
About the Author
Chris Johnson (“CJ”), a seasoned equity and options analyst with nearly 30 years of experience, is celebrated for his quantitative expertise in quantifying investors’ sentiment to navigate Wall Street with a deeply rooted technical and contrarian trading style.