Often times, a positive response to the Fed and their release of the FOMC statement finds that the sentiment carries over into the next trading session. Whether or not that will be the case today, remains to be seen.
As is always the case, we have the weekly jobless claims that depending on the numbers reported, can really cause a stir in the market. Investors will also have one eye on the GDP report scheduled to be released tomorrow.
I’ll be looking to add another couple of long positions to the portfolio today, as well as a possible short position, so stay tuned.
Here are Today’s Trade Setups.
LONG: MF Global Holdings (MF)
Click Here to See Today’s Short Setup.
TeleTech Holdings (TTEC)
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