This market is very volatile. It is up 2-3% one day, and down 2-4% another day. If you are not right about the direction, then it is better off not to trade at all. But one thing is certain. The direction is down. The rally is mostly dead-cat bounce. Use your next opportunity of up days to sell into the rally until the situation changes.
Looks like the traders are thinking global economic slow down around the world because of the US slows down. Regardless the cause, the bottom line is avoid buying any stocks now.
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