Assembling a Basket of Longs

It really feels as though most folks, well, the few who were trading today, have already clocked out for the day. Put together some bad weather along with a holiday week, and that is what you get. Rather than trying to be too active intraday here, I'm putting together a small basket of longs to carry over the weekend and into next week.

Airlines love this action in oil, and it doesn't look like it is ready to reverse on a dime, so I have Southwest Airlines (LUV) as my first add, on the basis of its daily chart. It is my second-largest position in the basket, as AudioCodes (AUDC) is the largest, about 10% greater than the Southwest holding. I have bought Masimo (MASI) in the same quantity as Southwest....203 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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