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The Daily Long and Short Setup

Recs

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October 06, 2010 – Comments (0) | RELATED TICKERS: TIE.DL , MEDQ.DL22

Futures have scaled back are now trading in a mixed fashion after the ADP Employment report that came in at -39,000. I don't consider this to be a huge blow to the market, but could allow for us to see an open in the red to start the day. The long pick below, TIE, is actually a stock I jumped in yesterday near the close. As for MEDQ, I'd be careful about shorting this stock, unless  you really have experience with these types of setups.

LONG: Titanium Metals (TIE)

SHORT: MedQuist (MEDQ)

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