If we do continue to rally, I will be watching the gun stocks SWHC and RGR for some quick trades as they are just about to break through resistance and should have momentum into tomorrow off of SWHC earnings. I also still like the HGG, ARST, and COGO setups but they might have to wait until next week if the market turns sour. Here is a look at the HGG setup and I am looking for a similar trade in ARST and COGO:
If we begin to close in on the 775 level and volume is light I will shift my attention to start looking to initiate some shorts in the afternoon.
UPDATE 3/13/08 8:13AM: Scratch the FWLT short. It got a Goldman upgrade this morning and will now probably outperform the overall market.
JAX
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