This article is part of the series

Worried about the Selloff? Buy What You Know

By The Chartman FOXBusiness

Okay, this past week was pure nastiness.  In fact, it was even worse than a big selloff, as the market offered a glimpse of hope for a midweek rebound.

Continue Reading Below

So you start feeling like you can breathe again, only to go through a Thursday and Friday that were just ugly.

That said, I think we’ll bounce again next week.  How long will it last?  Hopefully longer than 2 days!

Traders, though, are usually quick to adapt to changing conditions (good traders, anyway).  Me?  I try to stick to what I think works historically, and that means buying my favorites on a selloff.  We’ve certainly had a few of those lately, and I’ve been in and out of a lot of stocks.  Let’s look at two I’m now holding, both of which I bought Friday.  I’ll start with MasterCard (MA), which I bought early Friday morning.

Continue Reading Below

The other stock I picked up was Kraft Foods (KRFT).  This hasn’t seen a lot of pullbacks, and I’m hoping this one is short.

Back next week to see if the Nasdaq can muster any kind of strength!

What do you think?

Click the button below to comment on this article.