Happy Monday to you all! We have positive bias in the futures heading into today’s market open with the Dow up 38 points, the Nasdaq up 6 and the S&P up 4.5 points. Not a bad way to start the week. Also of significance today is Alcoa (AA) is reporting earnings after the bell, which will kick off earnings season. On the economic front, there isn’t really any reports worth noting today.
Also, I’ll be increasing my stop-loss in OSG yet again to 43.50.
Here are Today’s Trading Ideas…
Potential Swing Trades (Long): USG, KMT, EWI, CHW, SID
Potential Swing Trades (Short): SPG, VOD, CNP, TEG
Stocks Ready to Bounce: ACL, R, AXS
Stocks Ready to Pullback: BWA, RDN, NIHD, VLO, NCV
Breakout Stocks: QCOM, CMI, HON, TKR, ISG, HCF
Breakdown Stocks: KO