Once again markets are trading flat a few hours out from the opening bell. The market continues to draw in those who think they are missing the “big move”, so what you are seeing is the dumb money entering the market, and when that happens, the sell-off is imminent.
So let’s get to what I’m watching this morning – short setups continue to outpace the long-setups. Frankly, there isn’t much of anything to go long in as it currently stands and there isn’t much popping up in my scanners either.
Long Setups: NDN, CUZ, DUG (ETF)
Short Setups: BBG, CECO, CRZO, CF, ESE, HP, ICLR, PTEN, STRA, WINN
Happy Trading Everyone!