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Buy Stocks on the Dip

By The Chartman FOXBusiness

Last week I was pessimistic about the market moving up and we did see a small pullback.  I don’t think it’s panic time, but a further drop to the uptrend line seems reasonable.  If that happens, it may be time to start buying.

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Oil stocks have been strong, and with worldwide tensions high, I’d take a look at ExxonMobil (XOM) (which I own.)

UPS (UPS) pretty much followed the market down this week, but when a stock falls to a solid uptrend line, it’s time to start wading in.

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Back next week to see if the market can stop the slide.

By Gary B. Smith

Gary B. Smith joined FOX News Channel in 1999 and is currently a regular commentator on "Bulls & Bears," including his own segment called, "The Chartman."

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