And so it has begun selling off for most of the value and cyclical stocks. In fact the selling off already started close to
4th July weekend starting with real estate and utilities stocks.
I tend to think this is due to profit taking after all three major indices hit ATH (All time highs) several days in a row. However the current sell off is not uniform across all three major indices. Notice that NASDAQ is still bullish compared to DJIA and S&P 500.
Now is the time to ready your war-chest and monitor the value stocks that you have been keeping an eye on 🙂
As for me, i have my eyes on ONE particular value stock only . I will reveal it when the time is right 🙂
Refer to my post here regarding rebalancing and preparing your war chest earlier