Futures still are maintaining the slightly positive bias heading into the open. There is more merger activity going on as well, with Air-Tran catching a bid (and helping our Delta – DAL – shares out in the process) and Wal-Mart trying to expand operations into South Africa.

LONG: International Business Machines (IBM)

SHORT: iShares T-Bond 20+ Year (TLT) or use TBF for the inverse if you can’t find shares to short.