The futures look green this morning and almost anything we pick will most likely gap up before we get a chance to buy it. I think the market overall is in for a short but playable rally. I like the Biotech sector and I think that there are opportunities there so I’m looking to IBB. My stop will be set somewhere below yesterday’s low ($101) and I will try to get an entry below $105. Initially, I’m going to bid at $104 and I’ll check in again later today to see if I need to increase that.

This is still a day trader’s market. Don’t hesitate to take profit early to avoid holding overnight!