SPY has officially moved into correction territory.
$500 and below is correction territory. Should we start thinking about buying the dip? Or will the market crash further?
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Stock Therapy : 475 by June
SpyderCallOP Stock Therapy: You could be right. We shall see soon.
Stock Therapy SpyderCallOP: makes me nervous to play any earnings next week
SpyderCallOP Stock Therapy: agreed. But then again, earnings are one of the things that could possibly get the market out of this rut. So far, the earnings reactions have not been able to hold many companies up during this slump in the market. So, until I see broader market strength, then I would be cautious about gambling on any earnings this season. So far, selling premium on earnings day has worked out for most companies this earnings season.