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Mid-Day Swing-Trade Setups

Recs

1

February 17, 2012 – Comments (0) | RELATED TICKERS: LLL , FTR , CHK

Since the open we've seen selling pressure come across the market, and logically speaking, I'd expect it to continue through the day with it being a 3-day weekend (markets closed on Monday for President's day) and a very important meeting (yes another one of those) on Monday while the markets are closed concerning the bailout agreement. The bulls have banked a lot of profit at this point, and it would seem silly to risk it over this weekend. But hey....what do I know!?!

LONG: L-3 Communications (LLL)

LONG: Chesapeake Energy Corp. (CHK)

SHORT: Progress Energy (PGN)

SHORT: Frontier Communications (FTR)

Here are the chart/trade setups

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