The Daily Long and Short Setup
Futures are pretty much right where they have been the entire morning. Uncle Bennie is right around the corner, and then you have a slew of economic reports coming out at 8:30. The Fed has built a monster with Wall Street that demands nothing less than QE2 - I don't think he has any desire to disappoint.
As for the picks below, the short setups are becoming quite difficult to find this morning. But I did find one that didn't look like it had rocketed off the face of the planet.
LONG: Investors Real Estate Trust (IRET)
SHORT: Resmed (RMD)