Futures have reacted positively to the jobless claims that beat expectations. Nasdaq is also trading with the rest of the market too. As it stands we are up about 1/2 percent heading into the open. Our long setup comes from a loyal reader who suggested it the other day, and thought that it had some solid potential to it. 

LONG: j2 Global Communications (JCOM)


SHORT: Gabelli Utility Trust (GUT)