After the Goldman Sachs fraud case was brought to light today in the news, the market sold off in extremely heavy volume. For those who want to understand exactly what the Goldman case is all about, I recommend watching this afternoon’s Tech Ticker clip with my favorite financial blogger Barry Ritholtz.

This is exactly the time where you want to tighten your stops, take some profits off the table, and consider getting off any margin. While the market has not by any technical means broken down yet, the risk factor for a several week or longer correction just shot up tremendously.

Below are charts of Goldman Sachs, the S&P 500, the NASDAQ, and the Volatility Index (VIX).