Stocks stabilized on Tuesday, following Monday's dramatic stock market selloff that was driven by fresh trade war fears.
Kenny Polcari, a managing director with O'Neil Securities, based on the floor of the New York Stock Exchange, expects the S&P 500 to retest its 50 and 100 day moving averages, which were broken on Monday.
On Tuesday, President Trump tweeted about possible tariffs against Harley Davidson (HOG) if the company moves production outside of the U.S. - the stock fell 1% following the news, but the tweet wasn't enough to push the entire market into negative territory.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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