The fiscal cliff is nearly upon us here in the US – and our politicians seem no closer to resolving it. The markets are already getting jittery and it seems clear the economy will take it in the chin if we don’t get a deal soon to save us from the one-two punch of big tax increases and spending cuts that will send us back into recession. So what stocks should you be investing in to weather the storm?
There are a few categories of stocks that should still do fine regardless of what the politicians do. Oh, yes, the stocks may go up or down a bit with the market as it swan dives, but overall I expect you’ll be fine.
So these are sectors and stocks worth investing in from a fundamental investing perspective – but what about the technical analysis side? Fundamental analysis can tell you which companies are good ones but you need the stock charts to understand exactly when to get in and how strong the buy signal is on a given day. One approach would be use an iOS app like iStockPicks, which can do the technical analysis and make investing stock picks for you. Simply enter the tickers above in its watch list, and it will give you buy and sell signals.
The other approach if you are more the do-it-yourself type is to do the technical analysis in Stock TickerPicker, our professional grade stock charting and analysis app for iPhone & iPad.
Whichever approach you take, happy investing and here’s to the US economy not going off the cliff…. 😀