Jobs and GDP numbers came out positive this morning and the market has reversed its bearish open to where it is now positioned to begin the day with a bullish outlook. I’ve provided my long and short setup below as I always do, but, unless your a total risk-taker, I’d be careful about loading up on KLIC (below) until this market digests these latest economic numbers. We also have Chicago PMI at 9:45 so be on the look out there as well.
LONG: Amylin Pharmaceuticals (AMLN)
SHORT: Kulicke and Soffa Industries (KLIC)