I’m trying my best here to get the watch-lists out much earlier, but I’ve been swamped of late with new computer setups new charting software, etc. Nonetheless, it looks like we got another bearish outlook on the day with the Dow Futures down 40 points, NASDAQ down 6 points and the S&P down 4 points. Overnight the markets were also weak with Asian markets finishing slightly in the red but with European markets looking at losses on average of a little less than 1%.
No major economic reports but we do have the Biege Book coming out at 2pm. On the earnings front we have Boeing (BA), EBAY, Eli Lilly (LLY), Morgan Stanley (MS), and Wells Fargo (WFC). So it will be quite busy on the earnings front.
I’m also working on providing more details on the trade setups I give you each morning rather than just the stock symbol, I’m actually going to start categorizing them for your convenience (i.e. bounce plays, breakout plays, stocks with bullish candles, etc.) – so stay tuned for that.
Here are Today’s Trade Setups…
Long Setups: TZA, MDVN, TWM, GLL (A lot of UltraShorts on these setups)
Short Setups: AIR, EXC, FPL, OSI,
