The Daily Long and Short Setup
The market left a lot of questions on the minds of traders heading into the new month. Was today a dead-cat bounce? Was Friday's sell-off a mere overreaction? Will we see another beginning of the month market rally like we saw on 8/1, 9/1, 12/1 and 1/1? Does the best January in 14 years, mean the rest of the year will follow suit?
LONG: Genzyme General (GENZ)
SHORT: Canadian Imperial Bank (CM)