Mid-Day Swing-Trade Setups

17 February 2012

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)

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LONG: Chesapeake Energy Corp. (CHK)

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SHORT: Progress Energy (PGN)

bbfa13372dbf27dd8ce9413f.png (600×625)

SHORT: Frontier Communications (FTR)

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