As the market continues to pull back, wait for the market to tell you it is safe to re-enter longs. Do not try to take advantage of this pull back by being a hero and go bargain hunting. The bargains you find could turn out to be a much better bargain if the pull back turns into a major correction.
The market is entering the phase where those high percentage speculative movers starting to get lot of attentions. When this phase of the market cycle is in full gear, this is when many inexperience traders' and/or greedy traders' account incur heavy damage. Always take what the market gives you. Be cautious and trade with your plan, not your emotions or what you believe.
In this video, a look at the market indices and the price actions for these stocks: MS, GS, BAC, GM, F, MU, HIMX, BBRY, JCP, AMD, YHOO, HPQ, AAPL, AMZN, FB, TWTR, GFI, GLD, SLV, GDX, GDXJ, PLUG.
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Disclosure: Long AAPL, MU, HPQ, GFI, AMD.
