Markets are in rally mode heading into the open. Asian markets saw modest gains (roughly 1%) while European markets are flat. So far the Dow is up 59, the S&P up 8, and the NASDAQ up 12. We’ll see if that holds at 8:30 when the Jobless Claims report comes out and then at 10am we have the ISM Non-Manufacturing Index report. But its the the jobless claims that will guide the ship today, and if it is bad, then the gains we are currently experiencing will be quickly wiped away.
Few setups this morning, we got another short position we’ll be looking to add to the portfolio, so log on and find out what I’m talking about…
Here’s the Trade Setups for today…
Long Setups: AGP, BQ, FFIV, HS, MDVN, TIBCO
Short Setups: RDK, SWSI
HAPPY TRADING EVERYONE!
