Trying to squeeze a few more setups here into the close. I'm Long McDonalds at $94 as described below. I have 2 longs and 3 shorts to end the day. I'm tempted to add TTI as well, but figured I'd wait till tomorrow to see how the market opens.
My portfolio is a lot smaller in terms of long exposure than it has been in a couple of months. I'm concerned as well with the rising VIX despite the market being up 15 points. VIX is down less than 1%.
Here's today's Lazy Trades:
Long: McDonalds (MCD)
Short: Tetra Technologies (TTI)
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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 >>