Today starts what will be a rather busy week. Lump in there the remaining earnings reports to the mix, coupled with the FOMC meeting and the statement that will be released on Wednesday, and we have our share of news pieces worth following. Today the FOMC meeting begins and will conclude tomorrow with their typical news release. At 7:45am ET you have the weekly ICSC Goldman Store Sales, followed by the Redbook at 8:55am ET, along with the S&P Case-Shiller Home Price Index at 9am ET. Finally you have the report of the day in the Consumer Confidence Report at 10am.

I am looking at adding two additional positions to the portfolio – one long and another short.

Here are Today’s Trade Setups…

SHORT: Scholastic Corp.

Click Here to See My Long Setup for Today.

LONG: Spectranetics (SPNC)

You Might Like

  • The Retail Trading Revolution: How Small Investors Are Reshaping the Stock Market

  • Fading the Gap: How Large Overnight Moves in SPY and QQQ Play Out During the Trading Day

  • How to Trade a Bear Flag