As you can see we are holding onto that uptrend support. Look at a weekly chart this market has gone straight up since March so we were due for a dip. This dip is a great opportunity to get in on some swing trades to the long side, more record on the way. Keep in mind, September and October can volatile months but they will be nice buying opportunities. I closed out my Apple trade for a nice gain on Friday morning. I’m still holding on to Facebook I will be adding to that position and turning that into a gain soon. Remember when short term trading, only use very small amounts for every trade because you can add and lower your cost basis. I only have less than 1% of my account in Facebook here. As always you should be buying dips on metals, miners and good foreign stocks for the long term. Some of Ryan’s mining recommendations are AEM, AG, ISVLF, and the GDXJ looks good right now.
