Markets plunged Wednesday, ending near session lows, on accelerating volume. We are clearly in correction mode, and both the Nasdaq and S&P 500 are now firmly below 40 week support. Are we oversold? Of course. Could we have a strong snap back rally in the face of all these market headwinds? Of course. But they should be eagerly sold into. Today no sector was immune, and it seemed like the benchmarks are making their bets that we could be headed Read the Rest…

Be Sociable, Share!
Sign Up to Continue Reading