Markets are down this morning probably because of the unknowns associated to the Delta variant. When markets runup for an extended period of time without a healthy correction, the market will use any excuse to take money off the table to protect profits. At the moment futures are currently showing an overall 2.6% drop from the S&P 500 high, which in this environment a 3% drop could be considered a healthy correction. So take it in and dip your toe by buying stocks like GOOGL, MSFT, TSLA, HD, FB.
Today is not the day to sell but a day to look for good opportunities to buy.
Talk soon,
Al Losada
Founder | SimpleOptionStrategies.com
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