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 up to the bulls and bears to determine whether they are in a profit-taking mode 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 Company (NYSE: MON)
Short: Urban Outfitters, Inc. (NASDAQ: URBN)
The company reports earnings on Nov. 15.
The SharePlanner Swing-Trading System is a proven trading strategy that has outpaced all the major indices with an 8-year return of over 1,010%. This year alone it is up 29%, with 64% of the stock picks being winners. It’s an easy trading system that requires very little effort after you buy the stock and great for those who can’t watch the market all the time! Find out more by visiting SharePlanner.com.