The bulls have hit the snooze button to begin this week, as the market seems to be languishing after a rather impressive rally last week.
We are seeing today, much of what we have seen the previous two days of trading and that is a market that lacks any real kind of energy, except for the unpredictable nature that the last 15-20 minutes of trading has been providing of late.
It is also really hard to want to build up any kind of large portfolio of positions before the FOMC Meeting on Thursday. It concerns me somewhat that the Fed’s talking heads haven’t come out yet to alleviate the concerns of the market by pushing interest rates higher, which is starting to make me actually think they are are for real this time around.
If that is the case, I wouldn’t expect the market to respond kindly to such a gesture, and assuming as much the list of long setups will be difficult to capitalize on. Until then, there should be some pockets of trading opportunities that lends it self to some upside gains by using a handful of the stocks listed below.
Here are the long setups I am watching:


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