Swing-Trading isn’t all that easy right now
With us stuck in what seems to be a perpetual channel sideways, I figure this market is going to be difficult to trade for the foreseeable future. As a result, I’ll probably look to take gains faster, and probably increase my frequency of day-trades as a result.
This morning’s lazy trades represents a nice breakout play to the long side in People’s United (PBCT) and a short setup with an inverse cup and handle pattern in SAP (SAP).
Here’s today’s swing-trades:
Long: People’s Choice (PBCT)
Short: SAP Ag (SAP)
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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