This could either be a brilliant buying opportunity or a value trap. If a trade deal is not reached by the end of June, this selloff can get a lot worse.
Don't buy any upbeat presidential tweets, the likelihood of a trade deal is receding fast.
The market has been issuing warning signs for days now and if you are a prudent trader you already should be holding high levels of cash.
It is a tough market environment right now, but if you are positioned with a good supply of cash then you can be optimistic about finding good opportunities.
Let's visit with the charts and indicators to see how things are shaping up today.
I have no idea whether IBM is in the process of a fundamental turnaround, but this point-and-figure price target has my attention.
The department store retailer needs to see more bullish price action before concluding that a rally can be sustained.
The Chinese seem to have badly miscalculated President Trump's resolve to achieve a trade deal that looks out for American interests.
With trenches being dug in the trade war, there's a good chance Asian equities will drop 5% to 10% according to one observer.
The bulls have their work cut out for them to get this market back on track, but at least the China trade talks did not turn into the disaster that many were anticipating.