As promised, here are today’s trade setups. As you can see the market is in a bit of a rally mode, and could persist for a few days, if not longer. I’m nicely hedged right now against this rally, as I wait for the right opportunity to begin loading up with new short positions – however, right now is not that time. Below are two trade setups to please the bull/bear within you.
LONG: Questcor Pharmaceuticals (QCOR)
SHORT: Consumer Staples SPDR (XLP)