The market continues to chop around while the clown show in DC plays on. Shorts are being punished as they continue to try to go against the trend by shorting those strong trending stocks such as TSLA, NFLX and FB. Until the trend has changed for these stocks, it is best to simply move aside and watch. And for those that are waiting to buy the dip, their patience are being tested and when these waiting to buy the dip start to buy at any cost, that is when the shorts should get ready. Until then, traders should simply maintain their positions and protect their gains.
In this video, these are the stocks & ETFs reviewed: GLD, SLV, FB, AAPL, NFLX, GOOG, AMZN, TSLA, LNKD, SODA, YOKU, PCLN, SPY, DIA, QQQ, IWM, and TLT.
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Disclosure: No Position on the stocks & ETFs mentioned.
