Trade Ideas for February 25, 2010

It's that time of the week, where everyone sits on pins and needles waiting for that jobless claims number (8:30am ET) to come out. We already have a decisively bearish tone heading into the open after European economic sentiment threw investors for a loop. A bad  unemployment number today, coupled with all the negatives we have been getting all week, could bring us to see a pretty nasty day on Wall Street.

Also today, you have a Durable Goods Orders at 8:30am, followed by the eternal optimist, Ben Bernanke who at 9am will speak before the Senate Committee on Banking, Housing a, and Urban Affairs. Then at 10am you have the FHFA House Price Index. So a very busy day no doubt.

Currently futures are down with the Dow off 52 points, the Nasdaq down 11 and the S&P down 7 points.

Here are Today's Trading Ideas.

Potential Swing Trade (Long): Sinclair Broadcast (SBGI) - Unaffected by the whipsaw action of 2010, this stock keeps chugging upwards. Having pulled back nicely from its recent highs and sitting nicely at its October highs, a stop-loss should be set around 4.49.

Click here to See the Rest of My Trading Ideas.