This article is part of the series

The Chartman

Buy Stocks on the Dip

The ChartmanFOXBusiness

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.

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

Continue Reading Below

UPS (NYSE: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.

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

What do you think?

Click the button below to comment on this article.