Let's review the charts and indicators of XLE.
An interesting concept to consider in the current market environment.
In the short term, market direction is going to be dictated by reaction to extremely poor economic news.
I don't think it would be too much of a stretch to imagine that too many investors, or citizens for that matter, will mind seeing March 2020 head on out of here.
Every significant bear market in the past has seen substantial bounces just like what we are experiencing now.
Now we need the gowns and masks from China to help fight this battle on the front lines.
I would be a seller of these puts in BA.
Now the one thing you need to worry about with MSFT, as you have to do with all of the techies, is the GDP.
The biggest positive right now is that volatility has slowed and emotions seem to have cooled.
CEO Satya Nadella has been ahead of the curve focusing on the cloud.