Often times when I'm searching for the day's lazy trades, I end up making one or both of the trades as I write the post. That has happened once again today by getting short on Express Scripts (ESRX) at $61.51.
The other pick is one I've tried for a while now to time correctly, and that is McDonalds (MCD) which is now forming a triple-bottom pattern after failing to confirm the cup and handle pattern it had been developing before.
With the new short in ESRX for me that brings my portfolio up to 2 shorts and 1 long positions
Neither of the 3 do I plan on selling, and based on how this market is behaving today, I wouldn't be surprised if we get one final push lower before this market closes for the day.
LONG: McDonalds (MCD)
SHORT: Express Scripts (ESRX)
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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