A bear market, if it gets us all to slow down, may be necessary to slow the coronavirus' spread -- but this doesn't mean I'm giving up. To the contrary.
We are looking to the charts in oil and gas to see what might lie ahead for these out of favor commodities.
The U.S. energy sector is the heart and soul of the U.S. economy. The next few weeks will be critical.
If we want to see this selloff end, one way to make that happen is to see a frightening drop that will shake out any remaining weak hands.
The oil company has been in a sustained downtrend and the latest news from the oil patch will not help.
Finally, some decisive policy effort to tackle Covid-19. Watch for a relief bounce in the market, but stay cautious.
In a 3-part series, Jim Cramer goes through all 30 Dow stocks to evaluate what is safe to buy and what you should sell or avoid (like the plague).
So what do you do if you own these stocks?
It is the execution at the right time in the right conditions that makes money.
It looks like oil prices and energy companies are getting hit by a 'perfect storm.'