I understand if this market has you perplexed today. As well as the market from Wednesday, Thursday and Friday of last week.
This is a very difficult market to trade and it has been that way for over two years now. The bulls can't sustain momentum, and the bears can't come through at key inflection points on the charts, instead relinquishing control to the bulls every time.
So here we are again, the Nasdaq makes new all-time highs, the S&P 500 gets close to it and suddenly "Bam!", "Wham!", "Boom!" the market immediately sells off again.
The key is to continue thinking 1-2 steps ahead of the market. Expect the whipsaw nature of the market to persist and to be ready to adjust your portfolio accordingly each time. It doesn't hurt when the market is rallying to have some exposure to the short side, and vice versa when the market is selling off. It is hedging your bets, because usually the market will comeback and make that trade profitable. Until the market trades with conviction this is one of the best courses of action you can take right now.
Here is one to consider even - NVIDIA Corp. (NVDA). Sure the stock has pulled back over the last two days, but it has found key support at the $64 area and has spent the afternoon avoiding a bigger sell-off. Plus, take its longer-term trend and you'll see that the market has held very steady over the last 6-plus months without deviation from its uptrend.
So get going on the list of stocks below and start planning ahead.