Market Selloff Continues – S&P 500 Down 7.9%
After the close today, the S&P 500 Futures contract continued its downward momentum as algorithmic trading pushed the futures contract down below the 200-day moving average which is a decline of 7.9% from the price the index futures contract was trading at last week. Sharp market selloffs often bring trading and investing opportunities. I have stocks like Amazon (AMZN) and Facebook (FB) on my…