Well, yesterday was pretty rough - even with some shorts, i got knocked around pretty good. Semiconductors got hit the hardest but I believe that the semiconductors trade is alive in well. I will use this dip to buy semis. In addition, I will take this dip as an opportunity to build an position in AAPL, which i will buy right now in pre-market. I will add steel too on this dip.
All in all, is that I have boatloads of cash and will put it to work. Now, is not the time to be "all-in" on stocks, with no cash because the economy is a little weak and ISM (sign of productivity) was weaker than previous months - hence the selling.
All in all, we are in a correction mode but it's hard to see how "deep" it will be.
Jobs reports at 8:30a - will guide the day.
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