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Daily Long and Short Setup

Recs

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May 05, 2011 – Comments (0) | RELATED TICKERS: AN , TRN

Market is getting hammered yet again today and commodities, in particular Silver (SLV) far worse - down over 28% from its highs. The main thing is that we are trading below 1340 which was a key support level for this market - it'll be important for the S&P to recover that level by the close. As for the trades below, I've gone long in Autonation (AN) at $34.39.

LONG: Autonation Inc. (AN)

SHORT: Trinity Industries Inc. (TRN)

 

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