I expect the markets to open with a slight upward bias after Mondays foreign markets added roughly 1% while the US markets took the Labor Day holiday off. Overseas, the European markets are nearly up .5% in the morning trade, while the Asian markets were mostly green to begin Tuesday. Today’s early gains seem related to some excitement over some M&A activity. The one kicker that could change all that is the renewed discussion of health care proposal and the rhetoric related to debate coming from the White House to start the week. This could prove to be a positive development for our Short UNH.
Here’s the Trade Setups…
Long Setups: ABB, ACXM, NFX, NBL, WIN
Short Setups: SPPI, FTR, EQ
