Futures are in positive territory heading into the open. A couple of big reports out today – Retail Sales and the Producer Price Index. Both of them will impact the direction of the market, but Retail will probably carry the most weight between the two. I put a new swing trade out there this morning in IDA so be sure to register (free) and get our trading parameters.
Also, I have noticed over the last couple days there has been a lot of strengths in the utilities, in particular energy companies, so take a look at stocks in that particular industry.
Here’s the Trade Setups for today…
Long Setups: ALE, IBI, CI, AEP, BWLD, CMS, DCOM, FII, GIII, HLTH, IDA, PGN, XEL
Short Setups: KGN, SLM, SCMR
