That doesn't make me necessarily a perma-bull (though I do feel like it), I have just not found it, based on the way I trade personally, to successfully trade short in this market. However, this market does worry me, and has worried me for quite some time now, and with the solid gains I've been able to rack up from this market, I'm considering grabbing a short for a hedge position before today's close.
That isn't unusual for me either, because I've done it plenty of times in the past when there has been uncertainty, but with the predictable nature of this market, it has been less important to use the hedges of late. But today I'm feeling a little different about it.
Here are today's Lazy Swing Trades:
Long: Ocwen Financial (OCN):
Short: Leggett & Platt (LEG):
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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 >>