Things are shaping up quite nicely for the bears this morning – don’t blow it!!! We do have some important news events early on that will add further pressures to this market with the Durable Goods Orders as well as the infamous Jobless Claims coming out at 8:30am. Tomorrow all eyes will be on the GDP report. So keep these in mind.
I remain at about 81% vested in this market with all the positions except for my position in Gold (GLD) being short.
Here are Today’s Trade Setups.
LONG: Isilon Systems (ISLN)
SHORT: Dollar Financial (DLLR)
