Happy October to you all! Fall is setting in, Thanksgiving is around the corner, football season is really starting to heat up, you’re looking into your travel plans and booking flights if you haven’t done so already, and the market is now trading in a month that is historically notorious for huge market crashes – what could be better!?!
Overnight Asian markets were negative with the Nikkei leading the way (-1.5%), while European markets are down about 0.6%. Right now Futures are trading in the negative with a slew of reports coming our way this morning with Personal Income, Jobless Claims, Manufacturing Index, Construction Spending, Pending Homes Sales, and a Natural Gas report that weighs on our position in CMZ.
So have fun digesting all that information (actually the market will digest it for you in terms of what your stocks do today!).
Here are today’s Trade Setups…
Long Setups: GSG, FISV, HMPR, CAF
Short Setups: AEE, ANDS, AF, BBOX, LLY, ORB, RGS, SJT, SLM, TASR