What I Am Buying Today.

[ConnerM]

(05-17-2022, 09:41 AM)kblake Wrote: The consumer is in trouble. WMT was a good indicator of that. This market still has a good 15-20% downside left.

I bought some puts on DG, TGT and ROST

Added some calls in OIL

To me oli is the only bright spot going forward. Yes it has run. But to me oil is going to 140-150

Not a bad strategy. WMT was definitely a good indicator of that. 

Retail is not a place you want to invest in these times. DG will probably head under $200. 

BBY, DKS all headed lower as well. The consumer will spend less with gas price $4.50 and above at the pump 

A recession is coming. No doubt

Just keep adding to the oil name. UTES not a bad play as well.

The rest wait to another 20-25% decline. I'm in no rush to buy right now. 1-2 shares here and there