The Market is Either…
Today the market is now extremely oversold with 94% of the S&P stocks losing value yesterday along with 97% of the Nasdaq 100 stocks declining. There was panic selling in the last few hours and when you add it all up, the market is either transitioning into a bear market or it’s getting closer to bouncing at least for the short-term. With risk management in mind, a further pullback will be an opportune time to begin selectively scaling into high quality positions.