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Trade Setups for June 11, 2010

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June 11, 2010 – Comments (0) | RELATED TICKERS: MIEFF.DL , MBLX

The bears are trying to redeem themselves after a horrendous retail sales report that came in at -1.2% versus a +0.2 expectation. As a result the futures are selling off hard and fast heading into the open. I got to admit - that is a huge relief, for now at least, as I took a royal beating (as you can imagine) since I was short to the gills yesterday.

Also my apologies for only two posts yesterday - I was wiped out and exhausted after the huge market rally. I will try to redeem myself today, and finally get out to you that Long-Watch List that I have been promising (which I hope we never need anytime in the near future).

Here are Today's Trade Setups...

LONG:Metabolix (MBLX)

 

SHORT: Minefinders (MFN)

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