The stock market enjoyed its strongest gains in several weeks on the back of better than expected economic data released this morning. Retail sales data was better than expected, and jobless claims fell. The market was also able to shake off a huge move up in Crude Oil prices, as well as downgrades to a couple mortgage insurers by rating agencies. Initially, these stocks plunged, but were up late in the trading session.
Here are Friday's potential daytrades: On the long side...LDK, BTU, FLS, MA, TECUA and SDA
On the short side, consider GNK, SPWR, SHLD and MTB
Good Trading!
Scott Cole
www.bestdaytradingstocks.com
www.kungfutrader.com
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