A long and short setup is fitting for a market like this It’s a market that seems to be trading back-and-forth, day-after-day without giving a clear direction as to where it ultimately wants to go. As traders we always want to know where it is going but to be completely honest, it is actually a
Pre-market update (updated 9am eastern): European markets are trading 0.7% higher. Asian markets traded -1.8% lower.. US futures are trading moderately higher, ahead of the bell. Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45am), Redbook (8:55am), ISM Non-Manufacturing Index (10am) Technical Outlook (SPX): Major reversal action on the SPX and broader market
United Continental Holdings (UAL) bear-flag on multiple time frames Stock: United Continental Holdings (UAL) Long or Short: Short Entry: 24.11 Stop-Loss: 24.73
Smith & Wesson bouncing off of short-term trend-line Stock: Smith & Wesson (SWHC) Long or Short: Long Entry: 8.66 Stop-Loss: 8.45
Corning (GLW) breakdown on the double top Stock:Â Corning Inc. (GLW) Long or Short:Â Short Entry: 12.04 Stop-Loss:Â $12.44
General Motors (GM) short at break of short-term support Stock:Â General Motors (GM) Long or Short:Â Short Entry: 28.44 Stop-Loss:Â $29.20
HDFC Bank Limited (HDB) short at resistance. Stock: HDFC Bank Limited (HDB) Long or Short: Short Entry: 40.71 Stop-Loss: $42.17
Target (TGT) failing at resistance Stock:Â Target Corp (TGT) Long or Short:Â Short Entry: 61.03 Stop-Loss:Â $62.35
Breakdown on the horizon for ALV Stock:Â Autoliv (ALV) Long or Short:Â Short Entry: 65.29 Stop-Loss:Â $66.49
Drill Baby Drill in Royal Dutch Shell (RDS) Stock:Â Royal Dutch Shell Class B (RDS/B) Long or Short:Â Long Entry: 72.01 Stop-Loss:Â $70.25