Good Evening. I want to see how the market reacts tomorrow to Alcoa and CSX earnings reports prior to initiating new plays. Intel also reports after the bell tomorrow and we should get a good indication from the futures market after the bell what the tone will be on Wednesday. I have listed a couple of long trade set-ups in the tech sector that look promising, along with a couple of stocks on my watch list for short trades.
Long CIEN and Long NVDA - Both stocks appear to be breaking above downward trend lines and ready to test SMA's and resistance from below. If the market bounces these stocks could easily run 5% to 10% higher. I view these as aggressive and potentially quick trades.
Short Candidates include: BIDU, KRC, TGT, SPY