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The Daily Long and Short Setup

Recs

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October 27, 2010 – Comments (0) | RELATED TICKERS: DIS , CEG.DL2

Futures are still looking at an open to the downside of about a half percent or so and will be interesting to see whether the bears can drive this market down below its 10-day moving average, which has done a good job of providing considerable support in recent past. On the short position below, be advised that earnings is reported on the 29th. But I would definitely keep it in your watch list for a breakdown through support thereafter.

LONG: Walt Disney (DIS)

SHORT: Constellation Energy Group (CEG)

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