Stock Market Today: Weak Again

April 30, 2021, 2:49 pm EDT

Weak Again

Stock markets are weak today with DJIA down about -200 points. Twitter (TWTR) -14% led the way down with many semiconductors. 

Our portfolio has some green color BNTX +5%, PSA, XLU, and TSN where we can see only a few biotechs and defensive types of stocks (utilities, REIT, food) held up. 

Thus, it would be wiser to stay partly defensive and cautious when the markets are at a record high level which means pullback is overdue. 

If necessary, trim down weak positions if a full-scale pullback is on the way.

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