After yesterday's 370+ point plunge in the Dow Jones industrial average, caution is advised to anyone who is seeking to go bottom fishing.
Is important to keep in mind that the selloff with regard to the United States stock market was not just limited to our market, we are witnessing a global event, and this could be signaling that something else is simply lurking in the shadows. Now keep in mind, this does not mean that some companies for example Apple (AAPL) in my opinion, are not screaming buys right now. As a matter of fact, if you were to check my website TradersChoice.net you will see that I did take up a position in Apple today however, I am just dipping my toe in here. Click here: https://traderschoice.net/The-Equity-Lists.html
As a professional trader, I feel the best way, and the correct strategy here, is to approach this market with a degree of caution.
Gregory Mannarino