Finally this market is decidedly to the downside which should setup some buying opportunities. I'm not quite nibbling yet, but if we fall another percent I'll start buying. I'm watching Baidu (BIDU), Apple (AAPL), and Arcos Dorados (ARCO) because they are all inching towards buy points. We have been setup for a correction for a few days now and I wouldn't be surprised to see us test the 1170-1180 level on the S&P.
This is not a recommendation to buy or sell any securities. DAK was long BIDU, AAPL, and ARCO at time of publication but positions can change at anytime.
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