As somewhat anticipated, the overall stock market had a weak day today, due to some weak economic data. Our daytrading picks for the day did not do much, although a short trade of any of the indexes could have been modestly profitable on the session, despite the rally off the lows.
For Tuesday, our potential long trade setups include SID, EWZ, GGB, RIMM and CPE. Potential short trades are GOLD, GNK and PDX, if your broker will let you short sell these stocks.
Scott Cole
www.bestdaytradingstocks.com
www.kungfutrader.com
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