Continued good news for Adobe and Gold is ready for a pullback

Adobe (ADBE) is continuing to raise from the bottom around 103 and has announced that its purchase of TubeMogul is finalized. This is a strategic acquisition for Adobe and as I wrote in my last post I am looking to hold Adobe for the long term. I am however trading around my core position which means that I am buying more when the stock drops and then I am selling some of that extra inventory when I get a short term appreciation in price.

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I am also looking at Gold (GLD) where the metal has had a good run to the upside lately and now I am looking for a pullback where I can establish a position again.

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