Pricing In a More Dovish Fed Chief

I spent the weekend working on different charts and scans searching for potential longs and shorts for this week in order to continue trading baskets. All that work becomes a short-term throw-away, but it doesn't become useless. I, like many, am not willing to chase this gap and many of the names that have shown up as potential longs on my scans. In all, 56 stocks gapped higher to start the day. There were only 10 names on the short side. None of those are turning significantly higher in early trading, but most are in the green.

So I am not doing anything with the basket scans done over the weekend, but I will watch the basket closely. As I said, most of the names are higher, so now I am looking for a pullback, but not a breach of the breakout levels. I'll post a few of my favorite names throughout the week, along with the levels I am watching on them....292 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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