The Daily Long and Short Setup
Futures continue to consolidate near their overnight highs, with very little in the way of economic reports to affect change on that, so it will be upon the bulls and bears to determine at the open whether they are in a profit taking mode today or if they want to push this market even higher today. The jury is still out, but I'm going to be waiting for a pullback with a number of long setups waiting in the wings.
LONG: Monsanto Co. (MON)
SHORT: Urban Outfitters (URBN) - Reports Earnings 11/15