by Ryan Mallory

Few Setups to take a look at today. 

Long: Owens Illinois (OI)

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by Ryan Mallory

The news today, beyond the faulty assumption that Greece banks is once and for all saved, and we no longer have to fret about their future, the other piece of news is Dow crossing 13,000, which defintely holds some psychological importance for the market - careful it could also be that level where the sell programs kick in - who knows. 

With the market continuing to march up, and everything else beyond price action pleading for a sell-off, I present you another assortment of long and short setups to swing trade. 

LONG: Broadcom (BRCM)

by Ryan Mallory

Since the open we've seen selling pressure come across the market, and logically speaking, I'd expect it to continue through the day with it being a 3-day weekend (markets closed on Monday for President's day) and a very important meeting (yes another one of those) on Monday while the markets are closed concerning the bailout agreement. The bulls have banked a lot of profit at this point, and it would seem silly to risk it over this weekend. But hey....what do I know!?!

LONG: L-3 Communications (LLL)

LONG: Chesapeake Energy Corp. (CHK)

SHORT: Progress Energy (PGN)

SHORT: Frontier Communications (FTR)