There is actually a descent amount of weakness this morning in the Futures with the Dow, NASDAQ, and S&P each down 59, 13, and 8 points respectively. Overseas markets saw some weakness too but nothing major. The biggest factor in this mornings selling is oil which is down over 2%, as I speak, due to weak demand.
In terms of economic activity this morning, we long have the Leading Indicators report being released (which isn’t anything major), but be aware of Wednesday which is when the Fed wraps up there 2-day meeting and releases their FOMC Statement, which you can find posted on SharePlanner immediately following its release (and I do mean Immediately!).
There’s a couple of great shorts out there, particularly MRTN, but doesn’t make sense for me to pull the trigger in this euphoric bull market…
Here’s Today’s Trade Setups…
Long Setups: AZO, NANO, SWY, ARRY
Short Setups: AIQ, BCO, COGO, DE, IIVI, MRTN, STBA, TFSL
