Only one new trade for me today, and it happens to be in the stock being featured in today’s Lazy Trade Long.. Nonetheless, the market looks like it is in a state of perpetual selling, which isn’t at all that uncommon when we gap up, and follow it with an immediate sell-off. 

We are also below that trend-line off of the June lows, which makes me get much more conservative in general. 

Here’s the Lazy Trades.

LONG: Goldman Sachs (GS)

Goldman Sachs GS

SHORT: Synacor (SYNC) [Note: SYNC reports earnings today… wait till after their report to determine if the trade setup is still valid]

Synacor SYNC

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