Last day of the month, and with the gains that we’ve seen, there is likely to be some major window-dressing by the funds, especially with it being quarter-end. So I would actually be surprised if we finished in the red today. Overseas, the Asian markets traded flat, while the European markets are currently trading with modest gains of 0.5%. Futures are holding up nicely with the Dow up 38 points, the NASDAQ 6 points, and the S&P 5 points. Later this morning we have the ADP Employment Report, Chicago PMI, and the biggest of them all, GDP.
Here are Today’s Trade Setups:
Long Setups: CQB, FCN, TXRH, AUY, RIMM
Short Setups: BPO, CNL, FSS, JBHT, KMB, PGN, RIGL