Short-term rallies may lull you into false sense of security. Find out why consumer staples might not be as safe as you think.
Qunit Tatro, Founder And President of Tatro Capital joins the panel for this conversation. Following is a synopsis of his main points.
Chart: S&P 500
Analysis: We could be seeing a double bottom forming in the short term – but I recommend selling any rally, counsels Tatro. The trend lines suggest to me the S&P is ultimately going lower.
Analysis: This isn’t your father’s recession, says Tatro. The chart suggests this may not be a safe place to hide, and I think it’s because commodity prices are climbing.
Analysis: This stock broke down and may be working on another leg lower, Tatro says.
Analysis: Recently broke out of a 3-year base, says Tatro and could be a buy on any pull back.
Chart: Joy Global
Analysis: JOYG could be coming close to mulit-year break. It’s a buy if it breaks higher, he says.