There is some surprising bullishness heading into the open this morning. We got the jobless claims report earlier, and the response has been somewhat muted.
I’ll also be curious to see if there will be any profit taking in fear of what happened late yesterday, and as a result the skitishness of the bulls creates a self-fullfilling prophesy and we end up red on the day.
If you are looking for trading ideas beyond today, then check out some of my recent posts, there are trading ideas galore – I plan on posting my long-watch list later today for all you perma-bulls out there.
Here are Today’s Trade Setups.
LONG: Power-One (PWER)
SHORT: Argon ST (STST)