Another flat morning as we head towards the open, but don’t expect it to stay that way, as we will get the weekly jobless claims at 8:30am ET. Expect their to be even greater scrutiny with the report as it will serve as a precursor to the unemployment number that is coming out tomorrow. We were actually down as much as 4 points on the S&P at one point during the early morning hours, but like everything of late, the futures just rallied right back up to break-even.

Among the other reports due out today is the Productivity and Costs, also at 8:30am, followed by RBC Cash Index at 9am, Factory Orders at 10am, and Pending Home Sales at 10am as well. So a busy morning, with lots of possible market-moving news pieces that awaits us.

I continue to watch that 1125 mark on the S&P, and am amazed at how we continue to tread right below this strategic inflection point. As I’ve said before, a break and close above that mark, and I will be flippin’ the switch to the bulls.

Here are Today’s Trading Ideas

Potential Swing Trade (Long): Ugi Corp (UGI) – Since putting in a bottom back in November, this stock has managed to turn things around and put in consecutive higher-highs and higher-lows. This recent pullback gives traders an ideal entry into this stock, before resuming the upward trend. Recommended stop-loss is 23.98.

Click here to See the Rest of My Trading Ideas.

Potential Swing Trade (Long): Louisiana-Pacific (LPX) – This stop has broken out of its consolidatioin that it has found itself in since August 2009, and is on a new leg up. While buying at current valuation may be considered high-risk, I’d recommend waiting for a pullback before initiating a position in this trade. Recommeneded stop-loss is 7.01.

Potential Swing Trade (Short): Sei Investments Company (SEIC) – Recently broke through a key support level, while also creating a definable downtrend. The 50-day moving average continues to act as resistance, and recommend a stop-loss of 18.31

Potential Swing Trade (Short): Regency Energy Partners (RGNC) – After making a new high in January, this stock has fallin pretty hard, breaking down through its October highs, and unable to stay above its 50-day moving average. The last two days has see increased selling on high volume. Recommend a stop-loss of 22.02.

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