When hard days come, it is always good to see the bigger picture!
I checked all the major companies with a +100 billion market cap, they are all in the red zone except Wells Fargo which was +1.05%.
This is not a good sign by any means!
As you can see all the major trend lines are still intact although the sentiment in the market has changed a lot!
IMO: We are going to experience a correction, not a crash..! because we don't have the evidence for a crash yet.
I believe sitting outside the market and watching the turbulence would be a better strategy for the short term while searching for new opportunities that could pop up every now and then.
to wrap it up:
please put your stop loss in place and let it take care of your capital. it would be in your best interest to protect your profit and never let a winner trade turn into a looser one!
Moshkelgosha
I checked all the major companies with a +100 billion market cap, they are all in the red zone except Wells Fargo which was +1.05%.
This is not a good sign by any means!
As you can see all the major trend lines are still intact although the sentiment in the market has changed a lot!
IMO: We are going to experience a correction, not a crash..! because we don't have the evidence for a crash yet.
I believe sitting outside the market and watching the turbulence would be a better strategy for the short term while searching for new opportunities that could pop up every now and then.
to wrap it up:
please put your stop loss in place and let it take care of your capital. it would be in your best interest to protect your profit and never let a winner trade turn into a looser one!
Moshkelgosha
Trade active:
Negative weekly performance could extended to next week
Comment:
Nasdaq broke the support line, the question is how far it could go down, I think S&P 500 and DJI will soon follow the nasdaq
