Dr. Julie Peterson-Manz reviews the Around The Horn stock action for February 25, and presents trade ideas that still have the possibility of triggering for February 26.
Even though yesterday's price and volume patterns were bullish, the major indices remain between their 20 and 50-day moving averages going into today's session. As such, traders must be prepared for whippy or indecisive price action in today's session.
There is little to be gained, for the time being, in position trading the S&P 500 index but rather going with the intraday flow and reversing when key technical levels are tagged.
Gold -- the SPDR Gold Shares (GLD) and the Market Vectors Gold Miners ETF (GDX) -- have turned positive this morning, in the aftermath of intense selling pressure earlier in the session.
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