Good morning folks – No time to have a case of the “Mondays” as we have a jam packed week of stuff to take on. Not only is it Options Expiration Week, but we also have the Fed Meeting this week (statement on Wednesday). As for today – nothing major to focus on but this is the only break that you’re going to get this entire week.
US Futures has been blazing a new trail earlier this morning, up almost 1% in the S&P, but since then it has tailored off quite a bit. Currently, Futures are up on the Dow 40 points, 8 points on the Nasdaq and 4.25 on the S&P. Overnight, the Asian markets were mixed, while the European markets saw some descent gains.
Just to refresh you on my current list of positions – I am long PETS, OSG, HPQ and LXK. May look to add another position to my portfolio today – there are a few from the stock screen that I posted over the weekend that I really liked. Check it out!
Here are Today’s Trade Setups…
Bullish Candle Setups: VMC, LM, JCOM, TRAD, LWSN, AMCC, MHO, ADY
Bearish Candle Setups: CAR, RIMM, PRSC, FUL, FACT, CNI
Stocks Ready to Bounce: WFC, PTRY
Stocks Ready to Pullback: IOC, ZOL, CMTL, EFT, COGO,
Breakout Stocks: DGX, MCO, AMO, CAL, MCY, CAKE, IVN, HIX, WBMD
Breakdown Stocks: EBIX, TNS, TLEO
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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