While Thursday's major change of character should give pause, you could be slowly building a long-term position and view this drop as an opportunity to add a small piece to that trade.
Consider protecting capital now, rather than hoping that this will be a brief bout of selling.
As the Fed updated and money rotated into growth names, the Dow was down and the Nasdaq up -- and neither bears nor bulls got any real clarity.
These names are showing both technical and quantitative deterioration.
Nasdaq had some of the highest volume I've seen at 6.2 million shares -- care to speculate what that tells us?
They need a rest even more than the market does -- it's tough to keep pressing to the upside, especially when dealing with such unusual news flow.
We have some signs a change in character is brewing.
These names are showing both technical and quantitative deterioration.
Now, amid this rotation and change of character, investors' eyes are on the spat with China and the uncertainties that could bring.
It seems that in this market -- as in politics -- everyone wants to pick a side. It doesn't have to be that way.