Looked at charts & did some reading for a few hours tonight.
I like how a lot of this is being set up right now, I just don’t think we’ve hit the end of the aggressive selling we’ve seen for the last two weeks. Market is closed Friday, so I’ve been looking at a game plan.
Trying to figure out what causes the final washout, here’s what I think will do it; China news/tariffs. That has been swept under the rug this week... Think we’ll get some news next week, it’ll all be part of the negotiation, but it will cause the other shoe to drop. If that does happen, I’ve got a list I’m buying on that fear that’s ready to go:
MSFT AMZN NVDA JPM NFLX SHOP FB BA GD TVIX (possibly, need to think a little more about this one... Would be a short position, and small. BUT, if you short this near the end of this route, it’s 50% gain relatively quickly... & again, small position)
If timed even half decently, I think the above group can get me 20% within 12 months.
I’ve got a few plans in place, this is the one I’m hoping on.