I know I typically do a long & short setup but today, I'm feeling a little more bearish than usual, and so I focused my efforts on finding some short setups. Over the weekend the SharePlanner Reversal Indicator also went bearish, which has weighed heavily on my thinking as well.
We also saw the market trade into positive territory early on this morning, only to fall back into negative territory, which quite frankly is not the kind of day that I like to get long on either.
I've added Facebook (FB) and Smith & Wesson (SWHC) both to my portfolio, and they are still showing great opportunities to still get short on.
Here's today's Lazy Trades:
SHORT: Facebook (FB)
SHORT: Smith & Wesson (SWHC)
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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 >>