The S&P refuses to break through and stay above the 1300 level – it is making for some great drama. And now you are seeing the smallest hint of selling (which probably has the bears spraying the champagne everywhere). Throughout history there have been some pretty significant sell-off that occurred on failures to break through
Here are tomorrow’s long and short setups. LONG: Prologis Trust (PLD)
Here are the long and short setups for tomorrow. Remember that the FOMC Statement comes out tomorrow as well at 2:15pm EST, which you can find the full text posted here. LONG: SunPower Corp. (SPWRA)
Here are tomorrow’s long and short setups. Have a great evening! LONG: Southwestern Energy (SWN)
So it wasn’t the bounce the bulls were hoping for, and it wasn’t the downward follow through the bears were anticipating! So there is a lot of mixed signals that we got from the S&P today. For starters, we bounced nicely off the 200-day moving average, but we also closed below the 10-day moving average
Rough day for the bulls today, no doubt! We’ll see if they can bounce this market tomorrow, and get back to their old habits. I would be careful about going long on anything right now, until the market makes its intentions a little bit more clearer. LONG: Starbucks Corp (SBUX)
Not much in the way of market action today, as the S&P 500 closed practically flat on the day – tomorrow we’ll see how the market digests the Apple (AAPL) earnings, and whether or not it is a “keep the rally going” or a “sell the news event.” LONG: Ferro Corp (FOE)
Hope you all enjoyed the day off from the markets. But get ready, it’s business as usual tomorrow, and here are the daily trade setups to go along with it. LONG: Compuware Corp. (CPWR)
LONG: Atwood Oceanics (ATW)
Here are tomorrow’s trade setups. LONG: Kronos Worldwide (KRO)