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The Daily Long and Short Setup

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September 23, 2010 – Comments (0) | RELATED TICKERS: LMT , THM

Jobless Claims has sent the market down nearly 1% prior to the open. For the bears it is exciting, and if I was short, I'd probably be hoping that this sell-off is the beginning of another significant downturn. But the odds are that this is merely a sell-off from the market being tired from the 10% rally we've seen so far this month. It is probably a good idea to start brushing off that Bullish Watch-List and start looking for low-risk/high-reward setups. 

LONG: International Tower Hill Mines (THM)

SHORT: Lockheed Martin (LMT)

 

 

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