To Buy The Dip or Not To Buy The Dip - Place Your Bets!
So here's your stock market correction update:
S&P 500 -5%
Nasdaq-100 -7%
Russell 2000 -13%
Pick your bottoms carefully.
I generally think that a -10% correction is a great drawdown point to start entering. But, at the same time, some individual stocks have been totally crushed from Zoom to Palantir and Peloton and more. These big, pandemic, names have been cratering 30%, 40% and 50%. Just look around the market and you will see that it is a stock picker's bear market!
The three charts above showing the indexes that I am most interested in:
S&P 500
Nasdaq-100
Russell 2000
I don't show the Dow because it is just 30 companies. There are over 5,000 stocks in the market today and even more cryptocurrencies. I really don't want to compare just 30 companies no matter how large they are. I am not interested.
All that matters now to me is where the bottom will be found.
Small caps are -13% and they tend to be my favorite playing field. So I am looking deeply into that world.
But also the Nasdaq-100 is down 7% from its highs. Let's just I've set an alert for the Nasdaq-100 and the moment it hits -10%. I think that will be an interesting choice.
Thanks for reading!
S&P 500 -5%
Nasdaq-100 -7%
Russell 2000 -13%
Pick your bottoms carefully.
I generally think that a -10% correction is a great drawdown point to start entering. But, at the same time, some individual stocks have been totally crushed from Zoom to Palantir and Peloton and more. These big, pandemic, names have been cratering 30%, 40% and 50%. Just look around the market and you will see that it is a stock picker's bear market!
The three charts above showing the indexes that I am most interested in:
S&P 500
Nasdaq-100
Russell 2000
I don't show the Dow because it is just 30 companies. There are over 5,000 stocks in the market today and even more cryptocurrencies. I really don't want to compare just 30 companies no matter how large they are. I am not interested.
All that matters now to me is where the bottom will be found.
Small caps are -13% and they tend to be my favorite playing field. So I am looking deeply into that world.
But also the Nasdaq-100 is down 7% from its highs. Let's just I've set an alert for the Nasdaq-100 and the moment it hits -10%. I think that will be an interesting choice.
Thanks for reading!
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Read my blog here: scheplick.com
Follow me on X here: x.com/scheplick
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