Technical analysis on equity markets. You can follow his blog at valuetrend.ca. 2540 on the S&P 500 was a reasonably significant support level. Don't want to see it broken because it represents the lows of the year. It broke yesterday, and fell more today. So we've broken significant support. He uses the rule of 3 -- he doesn't make a move until 3 days, which has prevented him from buying back in. If Monday is down, after that if we don't start basing, then the market's in trouble. If it doesn't stop falling later next week, he's going to have to start selling out. We are oversold, and we could get a rebound to the old support level. But if we don't crack above 2540, we could be in a new bear market. The 200-day moving average broke some time ago, and we're getting lower lows. He has about 13% cash now, and will start raising more in the next few weeks.

How do you decide whether to keep holding a stock? You can trade in this environment. You have to switch gears. Let's assume it's a bear market, you have to look at ways to peel the stocks you're less long-term bullish on, and you can trade the swings. Or you grin and bear it and hold out. You can use momentum indicators to spot overbought and oversold opportunities.

A fundamental fund manager would want to get back in if it's earning money, and the PE will be higher in 5 years. They wouldn't worry about the 200-day moving average, which he does.

On the verge of breaking, but for a long-term investor, it has plenty of volatility. A toppy looking chart, but on a big long-term trend line. As long as it doesn't keep breaking down, it looks OK. (Analysts’ price target is $52.50)

Was following an uptrend, went parabolic, and then fell right out of bed and has continued its waterfall decline. It's like a lot of other stocks, but more of an aggressive breakdown. To him, he has less confidence in an immediate turnaround. He'd like to see a base and for it to go sideways for a while. He's not interested now.

(A Top Pick Sep 26/18, Down 16%) This is his third shot at this trade. There was a pretty sweet trading range. But now it's broken down. He's looking for an oversold bounce, and then they'll decide if it can break back above or if they need to ditch it. New investors may want to wait.

(A Top Pick Sep 26/18, Down 20%) Bought it as an oversold candidate. It's broken down like other stocks. "Old support becomes new resistance," so when stock returns, people start selling.

All the US major banks look the same. Chart is better than Goldman Sachs. It's broken, but is it flat-out broken? It's not been annihilated. In short-term, it will probably bounce up, but if we're in a bear market, it will go down with everything else. If there's a bounce, the banks will be the leaders. The next week will be key.