Futures continue to look strong here but the big test is coming at 8:30 with revised 4th GDP numbers and Jobless Claims. As you know, I am long and short but expect to get crushed on the shorts, unless the numbers are just terrible. As long as we stay above the 50 day MA and close above support, this market is a buy. I figured we tried to break 825 three times and failed then we retraced to 811 (where I got short) and we fell all the way to 792. I thought there was no way we could do close above support, but sure enough, we did.
Here are some picks that have been CRUSHED YTD and have a chance to rebound if we continue to rally, for some nice upside!
JTX, LHCG, JASO, PNX, MWA, CRZO, and TWB.
Other firms that could rip: KMX, AEO, WNR, and GLW.
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