Today's action forces some changes, and here's my plan for MSFT.
Breadth deterioration is potentially problematic.
Occasionally there's a positive surprise.
The main takeaway as always is that the real casualties are those enterprises that aren't public.
In the vast middle, there is a mishmash of action and rotation.
These well-known names are displaying both technical and quantitative deterioration.
Selling requires you to be honest with yourself, which may be the biggest challenge in trading and investing.
Market participants like to believe they aren't gamblers but there's no denying that luck plays a major role in the investment process.
This market simply has no fear of staying with the big-cap tech names that have been leaders for so long.
August options have gotten crazy cheap.