George Tkaczuk Analysis: Correction Continues for Equities

George Tkaczuk talks about the ongoing correction in the equity markets
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In today's Traders Exclusive, George Tkaczuk advises traders to raise cash as the market downtrend continues. The S&P 500 is trying to hold the 1,900 level which is a key support. If it can't hold, 1,850 below would be the next stop, but picking a bottom is just guess work until the reversal makes itself apparent. The Nasdaq couldn't hold at the 200 day moving average and closed below it on Friday. Although now is a time to wait on the sidelines, it's always prudent to look for pockets of relative strength to keep note of heading into the next rally.