Dr. Julie Peterson-Manz reviews the Around The Horn stock action for June 24, and presents trade ideas that still have the possibility of triggering for June 25.
XLF, one of several exchange traded funds which track the financial services sector, has drifted sideways since mid-May on declining volume, which is hardly supportive of the thesis that accumulation is taking place.
The indices had a wild and wooly day. They gapped up, ran hard in the morning on positive premarket futures, were then spurred higher by positive housing news and then went into mid-day consolidation in preparation for the FOMC announcement.
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