The market has been dropping all week. I just received an alert that SPY / VOO (a popular ETF) has crossed below the 200-day moving average.
The 200-day MA has historically been a rather important indicator, often signaling further price drops. Many backtests have shown it wise to move to cash whenever the market drops below the 200-day MA, and reenter once it recovers.
At the same time, we have all heard the "never sell / just keep buying more" mentality. "Set it and forget it". "Time in the market beats timing the market", and so on.
Which camp are you in right now? Are you buying more or moving to cash until the dust settles?