March 24, 2020 Markets are Turning?

Wednesday, March 25, 2020 |

Markets seem to have hit bottom while waiting for the US $2T stimulus package. My thoughts are once the package is approved, the markets will go wild and start trending upwards again.

A couple of stocks I am looking at:
MSFT - I am thinking of going big on this with my current strategy of buying the cheapest calls with the farthest expiration. I think MSFT will be least hit by the Covid crisis because the world runs on Microsoft. Everyone uses it and will resume consuming their products once we are back to normal.

MA - Looking at the overall chart of MA, it has weathered the past corrections very smoothly. Even the overall chart is very smooth. I think MA will be back to 360 in no time. I will also use the same strategy above to trade this.