Tuesday, May 29, 2007

Trade Candidates for 5/30/2007

A few ideas for Wednesday. SUPG might be a good buy on a breakout above today's high without a pullback - your call of course. On the short side, RMBS just looks ready to croak to me...but that doesn't mean it will; I get surprised a lot (you know: what looks obvious probably isn't...).

I see quite a few other good trade setups, but I'll be watching to see if the markets can find a solid direction over the coming days before I get too excited about any of them; the gap up Friday in combination with the low volume since then does make me a bit more skeptical. But what do I know? Just watch and see what happens.

Good luck Wednesday.

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