UPDATE

The market pulled back a bit today, but I don't see anything yet that would lead me to believe that it is more than just profit taking. I know that the market is overbought, but it has been overbought for quite a while now. The VIX didn't move up very much which indicated that there wasn't much panic amongst the institutional investors. There are a few stocks that have been recent recommendations that did pull back a bit today. These pull backs could give you a second chance to get in. These stocks include WLT, CRM, PCLN, AAPL, RIO, and BHP. I will add VALE. Make sure you check for confirmation before you get into any of these trades. If they break below support lines or key moving averages tomorrow, don't get in. If you do get in, make sure you set up a plan for your trade using the guidelines outlined in the Trade Management class. Gold and Silver look like they are at a critical junction. If they move much higher tomorrow, I might have to turn a bit more bullish. If they start to sell off again, they might move much lower...in the near term anyway. In other words, I don't see a clear trade for Gold or Silver right now. That may change within the next few hours or days.