I didn’t place any trades on Friday, and I have yet to make any trades today. 

In fact, the way the market is trending today, I don’t expect there to be any trades today either. 

The next obvious question is usually, “Why aren’t you shorting the market?”

Well, the absence of a reason to go long, doesn’t mean you should go short. In fact, most of the time, the absence of a reason to go long, usually means being content with doing absolutely nothing. 

I mean, if you think about it, most of a trading day is fairly boring. If I manage to place two or three trades in a day, that is quite an active day. 

So most of trading is simply waiting and waiting for a reason, and when there’s no reason, you don’t trade. Simply put!

Below, I’ve put together my list of long setups I am watching today. I like Celanese (CE), Acuity Brands (AYI), and the possible bounce play off of short-term support in Steel Dynamics (STLD) looks pretty tempting. But until the market provides a better reason to trade, even the best trade setups have to be passed on today. 

Here’s the complete bullish watch-list to help you through the week.