Markets took an expected "tumble"......
Market corrections are sharp & swift......
Techs were overbought going into today.....thus a "sharp reversal in techs"
1490 support on S&P 500 is only 1 point away @ 11.25AM......
Always take profit as you go along......or else it CAN evaporate in no time.....
Stay diversified into proven success frontline stocks......
Stay ahead of overbought situations...which comes very quickly.....
Today's drop was severe because of ML & housing report....
Look @ your portfolio & switch out of weak ones and position in strong stocks....today is a very good day to do the switching in a diversified mode.
Know your stocks well..both FA & TA........
VMW reports AH...expecting a very good report & strong guidance $$$$$...my largest position with highest $$ allocation.....
Good luck today.
BLOG does not give buy or sell.
Saleem
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