I have been buying dips and selling rallies for many weeks. Not looking for a blowout move. Just normal trading of the market’s typical ebbs and flows.
But now today we have unusual downside momentum. One must wonder if there could be some hidden fundamental problem that is not yet known. If and when it makes headlines, we can buy on the news.
Best to keep a low profile until the current downside momentum dissipates, that is, until the current selling wave stalls out. Then and only then, there should be a great opportunity to buy the dip.