Thursday’s session felt a bit like that big selloff from early February. Fortunately, the Dow didn’t plunge by 1000 points today, but it still dropped a hefty 724. That 2.93% dip pulled the index below 24,000 to 23,957.9 and has it on the brink of correction territory once again. The stumbling block was President Trump’s plan to impose tariffs on $60 billion worth of Chinese imports, a move that exacerbated the market’s already intense fear of a trade war. The S&P joined the Dow on negative ground for the year with a slide of 2.52% to 2643.7, while the NASDAQ was off 2.43% to 7,166.7. Along with trade war fears, the market is still dealing with problems at Facebook that have impacted the whole technology sector and a more hawkish “dot plot” for rate hikes after 2018. In the portfolios, a couple of editors took advantage of today’s plunge to buy new positions. Dave was especially active by adding in each of his three services. Blockchain Innovators picked up a technology staple that’s also a big blockchain consulting firm. Momentum Trader added a stock that recently reported a triple-digit earnings beat, while Surprise Trader bought two retailers reporting next week. Meanwhile, ETF Investor bought a fund that capitalizes on the online shopping trend. It invests in companies that get most of their revenues from online retail. The highlights section below has more on all of today’s moves. Today's Portfolio Highlights: Blockchain Innovators: One of the largest blockchain consulting firms right now is good old IBM (IBM). Dave previously mentioned that Big Blue has a twitter feed and an entire section of its site highlighting numerous ways they are helping companies embrace blockchain technology. The editor considered today’s dip to be a buying opportunity. Read the full write-up for more and get ready for another idea tomorrow. ETF Investor: The shift to online shopping has been immense in recent years and it’s not expected to slow down anytime soon. On Thursday, Neena picked up a fund that can capitalize on this trend. Amplify Online Retail ETF (IBUY) offers exposure to companies that get 70% or more of their revenues from online and virtual retail. It derives 75% of its assets from US companies and its 39 holdings are equal weighted. It holds Amazon, along with several other smaller, faster-growing companies. The dip today provided the editor with a great opportunity to add the name. Learn more in the complete commentary. Momentum Trader: Shares of Axon Enterprise (AAXN) jumped past $40 after releasing a strong quarterly report, which included a positive surprise of 700%! The conducted electrical weapons company (formerly known as TASER) pulled back a bit since that pop…and has moved right into Dave’s wheelhouse. The editor thinks AAXN is going to poke above the 50-day and stay there, so he added the company on Thursday with a 12.5% allocation. Read the complete commentary for more on this new pick. Surprise Trader: The portfolio has been enjoying a lot of success with retail lately, including double digit winners in Dick’s Sporting Goods (DKS) and Ulta Beauty (ULTA) last week. Dave is sticking with the space for his next two buys. The editor bought 12.5% allocations in Restoration Hardware (RH) and Walgreens Boots Alliance (WBA) today. RH has a positive Earnings ESP for the quarter being reporting on Tuesday after the bell, while WBA will release its numbers on Wednesday before the bell. Read the full write-up for more. Options Trader: "I still don’t believe a trade war will ensue. But the fear of one spooked the market. I believe it was a classic overreaction, as the market is prone to do. And I still believe the worst of this correction, which began in late January, is behind us. "And while that doesn’t make the pain of this rout any less painful, I would still look at these pullbacks as buying opportunities because there’s nothing out there fundamentally or technically to even remotely suggest this historic bear market is in jeopardy. "These kinds of dips can be trying. But being able to weather these market gyrations and thin rationally can make all the difference. "I would definitely be looking at some bargain hunting at these levels, and even more so if the market backs up even further." -- Kevin Matras Until Tomorrow, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. 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