Until the Long Term Bull Bear Lines head down you must keep the faith that the market is climbing,
The Primary Sell graph shows that the smart money on Wall Street is not very enthusiastic.
On the big board things are holding up better with some 55% of stocks above there 50 day moving average, but again it looks like that could turn sour quickly.
The CCI has turned up on the VIX and it looks like the pros are buying protection.
The green arrow graph so some hope that this sell off is reaching a peak but it is not there yet.
Finally there is this graph. I introduced this here a while ago but it does not have an official name yet. The red line is bonds (doing very well) and the mufti-color line is how well consumer discretionary is doing vs the S & P 500 well the answer is . . . not so good. In other words another indicator that says caution.
How to Play This
Energy stocks have been doing well here is one of my favorites New Vista Energy. I am not saying run out and buy this -- in fact you are chasing to get in now. But is has done very well.
One equity to keep in your sights is TripAdvisor (TRIP). Right now this stock is at 30% off the all time high as it goes "on sale" when the turn comes I hope to back the truck up on this one. You can learn more here about how Tripadvisor makes money and better consider this they own this market they are well on the way to controlling the travel industry. .