The Dow Jones Industrial Average is down 100 points in early trading and appears to be stuck in a trading range post flash crash and can't rebound from those recent lows. Whether it's news out of China or lack of action from the Fed, the bulls are staying on the sidelines and all green shoot days are getting sold as bears maintain their hold on the market.
A few weeks back, after seeing the death cross formation in the Dow, I advised caution in buying this market. Be very selective. Don't rush into anything just now. The fear of missing out should be secondary to the fear of another, bigger downdraft hitting the market. I still maintain investors need patience at this moment.
A few weeks back, after seeing the death cross formation in the Dow, I advised caution in buying this market. Be very selective. Don't rush into anything just now. The fear of missing out should be secondary to the fear of another, bigger downdraft hitting the market. I still maintain investors need patience at this moment.