OT: GREED will win out. We all know Bios aren't being shown the love, but it's important to remember that greed will win out. They'll come back in favor, maybe not the whole sector at once, maybe not to the levels it has been the last few years, but one by one, they will be back in favor at some point. Maybe next week, maybe 3 months from now, maybe next year.
It's always important to choose wisely, but never more so then now. Trim your focus to a select few. Follow those closely, and act quickly to get out if it turns against you. Live to trade another day. I'm always learning that and need to trust my instincts and charts and not my heart.
It's not the Bios by themselves, the Small Cap stocks are getting clobbered as well. Anything with a high beta. Discretionaries have been shown the door, Staples have been the new norm.
Adjust to the new norm, but remember, "Meet the new Boss - Same as the old Boss." The Boss market as a whole will take your money if you don't adjust.
I'm adjusting my focus. I'll be going back and sticking to what has done the best for me, short term trades based upon a stock that looks good overall on the Weekly, the Daily and then entering upon the 15 Min chart. Stocks that have near term catalysts; 1-2 weeks - up to a month at the very most.
Just my $.02, and all in my opinion. Best of Luck.
These thoughts are just mine, not right, not wrong, just thoughts. Invest in what you believe in, not what I believe in. Do your research, and invest in the facts.
