What if this growth stock correction is not a healthy, buyable one-- and we reject that view and think the other way. What if this is a secular, or multi-year shift, not a cyclical one.

Something to watch today - ARKK and how it closes. If it closes weak, that will be the lowest close so far in this down cycle and not a good sign.

 

About markets action on the FED day and a few days after that.

Day one; on the FED day there will be Over-Reaction.

Day two; there is usually Reaction-to-day-one-action.

Day three;  action is the best indication on how participants digested the news

"When market is bottoming, the best stocks make their lows ahead of the absolute low in the market averages. As the broader market averages make lower lows during the last leg down, the leaders diverge and make higher lows."

Anything can happen, but odds of a rate hike this week are incredibly low as it would probably sink stonks 25% in a week and that's obviously not happening.

"It's a bull market you know.........."

 

Stocks move for two basic reasons, anticipation and surprise. Every price movement is rooted in one of these two components; anticipation of news, an event, an important business change or reaction to unexpected event and surprise, whether positive or negative.

 

Opportunities.

"When considering a new project or opportunity, one of the first questions to ask is, “How do I want to spend my days?”

Make as few choices as possible that violate your answer.

Many opportunities seem exciting but actually give you less of the life you want."

Every cycle is different, but one of the hardest things to do is to sit out the sharp and fast relief rallies during primary downtrend. Every time they feel and seem real and so inviting.