For now, the futures are in the red heading into the open, but you have that weekly jobless claims report that is coming out that typically has a heavy influence on the market’s direction. That report will come out at 8:30am ET, along with the Empire State Manufacturing Survey at the same time. At 9am you have the Treasury International Capital and fifteen minutes later you have Industrial Productions. Finally at 10am the Philadelphia Fed Survey is released. A lot of news to chew on for sure as well as earnings reports.

Here are Today’s Trading Ideas

Potential Swing Trade (Long): RTI Intl Metal (RTI) – Solid uptrend since late ’08 the stock has followed similar pullbacks with a strong move up throughout the duration of the upward trend, and this time it is no different. Buy on the dip in oversold conditions has essentially been what has worked for this stock. Place your stop-loss at 27.27.

Potential Swing Trade (Short): Universal Travel Group (UTA) – This stock has been popping up a lot recently and has made a few of my watch-lists as well. But I would be crazy if I didn’t continue to alert you to this stock. For over six months now, all this stock has managed to do is trade lower and the downward trend that is currently in place looks as good as you can possibly ask for considering the bullish market we are in. Place you stop at 10.07.

Click here to See the Rest of My Trading Ideas.

Potential Swing Trade (Long): VCA Antech (WOOF) – Has been trading sideways for much of the past year, but has recently shown some positive signs that it is breaking out and looking to move higher as it has broken through the consolidation zones and now sits nicely for traders to get in at its support levels and ride it up possibly as high at 33.00. Place your stop loss at 26.39.

Potential Swing Trade (Short): Allied World Assurance Holdings (AWH) – Like any short in this market, AWH has risk to it, but if you believe this market is going to be heading lower, than this is a good stock to start with. Lower-highs and lower-lows, followed by a trend that continues to follow the 50-day moving average lower, this stocks could really see a major breakdown if it can break through the 43.80 level. Place your stop at 46.10.

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