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MDYV - 'Black Friday' Plunges As COVID Variant Rattles Markets
SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value Index--symbol: MGD
Over the last couple of weeks, the market has been warning to the risk of a downturn, all that was needed was a catalyst to change sentiment.
With mutual fund distributions running through the first two weeks of December, there is additional downside pressure on stocks near term.
Notably, the market is getting oversold near-term, with the money-flow signal depressed. Such suggests that any further weakness will provide a short-term trading opportunity.