Market corrections do happen..

Stock markets overall have been correcting for the past couple of weeks, with Bitcoin and cryptocurrencies not immune to this phenomenon either. Markets have been on what is considered a long if not historical bull run so this correction is not really a surprise. How long and deep the correction will be is the question. Traders watch the Nasdaq QQQ and SQQQ ETF’s for clues.

When a medium to deep correction happens most sectors lose value, with some sectors tending to fall more than others. In this particular correction in fact the oil sector has actually been doing well because of oil prices rising to new intermediate term highs.

The OTC and pink sheet market companies have taken a brutal hit for some reason- maybe the short algos have been working overtime but it has not been pretty.

At any rate picking quality growth companies to invest in is always in fashion and can protect against longer downturns when the overall markets inevitably continue to march north.

Editor,
CanadianJuniorReport

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