Another boring range bound market much like we saw on Friday of last week. Perhaps the folks in the Hampton are still shoveling snow out of their driveway (or maybe they are just helping their maid-servants). Nonetheless, the market really isn't giving us much of a hand to work with today as we continue to trade sideways in this market now for almost two full days.
Below the swing trades in J.C. Penney Co. (JCP) and EverBank Financial (EVER) provide traders with opportunities to profit off of this market we do get confirmation on the intraday charts where it exactly is planning on taking us.
Long: J.C. Penney Co. (JCP)
Short: EverBank Financial (EVER)
Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida. More >>
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