Don't watch the whole market. Today's crunch time. Key on certain stocks.
What has led us down. Micron (MU) . It's been awful as people now feel that the stock got ahead of itself. I don't think it should have been as high either but I don't think it takes out its low.
No man's land.
United Health (UNH) . Best of the best. In free fall for days. Trades like someone thinks Mueller indicts, president resigns and a Democrat comes in!
But that stock must bottom.
The transports are the worse. You need to see both Union Pacific (UNP) which is doing well, and FedEx (FDX) which is doing badly, bottom. There doesn't seem to be one in sight but that's usually when you get one.
Like a hawk.
Like the hawk picture my writing partner Matt Horween sent me that I posted on Twitter.
Don't forget we are oversold. But the fear of missing out is gone.
We are still in FOBS land until the gains are nearly taken away, something that will, indeed happen, if we keep going down at this pace.