Trade Ideas for February 16, 2010
Despite a bearish day in the futures market yesterday, when equities markets were closed, today, we have bulls coming back from the three-day weekend being somewhat inspired.
As for the economic reports coming out today, the Empire State manufacturing Survey is due out at 8:30am ET, followed by Treasury International Capital at 9am, and at 1pm you have the Housing Market Index. Nothing really, that has the potential to be earth-shattering.
Currently the futures have the Dow up 36 points, followed by 9.5 on the Nasdaq and 5 points on the S&P.
Hope you all enjoyed your long weekend.
Here are Today's Trading Ideas...
Potential Swing Trade (Long): Cke Restaurants (CKR) - Recently put in a nice double-bottom, which it rallied hard off of, and then since has pulled back nicely to form a base for what could be its next leg up. My stop-loss on this one is 7.99.
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