Correction Underway…Simple and Sharp or Complex and Long?

There is a correction underway in the stock market. It has been underway since the high on March 1st. Now the Nasdaq Composite and Nasdaq 100 (NDX) show something a little different but the DJIA, S&P 500 (SPX), NYSE Composite (NYA)  and Russell 2000 (RUT) all peaked on March 1.

So a correction has been underway for about 3 1/2 weeks.  In today’s brief market video I look at the DJIA to assess what kind of pullback we could see.  I also look at 3 key ETFs, semiconductors, homebuilders and financials. I then look at one stock from each sector…Skyworks Solutions (SWKS), Home Depot (HD) and JPMorgan (JPM).

 

 

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