The Daily Long and Short Setup
Futures have reacted positively to the jobless claims that beat expectations. Nasdaq is also trading with the rest of the market too. As it stands we are up about 1/2 percent heading into the open. Our long setup comes from a loyal reader who suggested it the other day, and thought that it had some solid potential to it.
LONG: j2 Global Communications (JCOM)
SHORT: Gabelli Utility Trust (GUT)