Right now, my opinion is this is a rotation. Technology didn't do well today. Oil and most of our biotech stocks did do well.
Fortunately, we own a bunch of beaten down oil and biotech stocks, which offset the declines in our technology stocks. So our self managed accounts were mostly up despite the decline of the indices.
For now, I plan to continue selling into the rally. If technology stocks get beat up sufficiently, then I may buy back a small amount in some previous holdings.
For more on Strategies and Plans, check back Mondays for a new segment.
This is not financial or investing advice. Please consult a professional advisor.
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