On the outside, it looks like the calm before the storm. But there are rough seas in today’s session.  Only the Dow is higher among the big three equity indices, and there are more losers than winners overall.  

NYSE

• 1,390 advancers
• 1,497 decliners

NASDAQ

• 1,172 advancers
• 1,815 decliners

The source of weakness stems from a piece in Barron’s suggesting internet software stocks are looking like they are forming a bubble.  Those are scary words indeed and parked significant selling across the technology spectrum.

So, the market is marking time, but anxiety is increasing.  This means that companies with missteps and miscues could take an extra drubbing. This is something all investors need to keep in mind while analyzing profits and mitigating losses.

Conversely, these kinds of articles tend to be premature and actually create buying opportunities. These names, however, are normally relegated to our Swing Strategies, which is our short term/trading service (high Beta and higher risk).  If you are not currently a subscriber to our Swing service, click here to get start today.