I reread my, "Today's Market," post and noticed it appeared all "Fire and Brimstone" are a comin', with a correction or sell-off brewing and looking like trying to scare folks. Not really, but for the conspiracy theorists - Is this a two-year pump-and-dump?
The technicals of many, many, many stocks, from GOOG to RIMM to AAPL to GLD to XOM to NOV, all are in a topped pattern. Some have dropped, just as the S&P and Dow, to their 50 Day MA which might be considered a support level.
Note that RIMM is being hammered today (and now well below the 50dma) because of news of the Droid outselling the Blackberry and being the most common handheld out there now. Worth a 5% shave to RIMM? Maybe.
But the selling may also be a part of the overall Market perception. With Stocks, Gold and Oil all selling off, is it the news driving things down today or is it time for a correction? Today's news of weak jobs and trade deficit has hit before and not seen this reaction.
The pre (just now starting) and post (about 130 ET) lunch trading may tell what the Big Guys think.
Be careful in your stock choices and be aware.