Brutal market today, if you played it safe, and executed your stop-losses early on this morning, you likely are to see the stocks rallying much higher at this point (I’ll be doing a post on this later so stay tuned). 

However, consider yourself a success if you followed the plan of your trade, regardless of what the market has done to you today to stick it to you.

I’m not sure where this market goes from here. I am in a holding position with only one position in the portfolio. There are plenty of people who will tell you otherwise, as if they have a crystal ball, but I’d avoid such prideful traders with such certain beliefs, because such pompous beliefs usually leads their trades down a very uncertain path. Your own beliefs about the market can blind you to a reality that is unfolding without the ability to recognize it. 

With that said, I give you today’s Lazy Swing-Trades Long & Short. The first is Harmonic (HLIT) that is sporting some nice consolidation at the highs of recent price activity, followed by Travelers (TRV) which is breaking down with a double-top confirmation. 

Check out these trade setups. 

Long: Harmonic (HLIT)

Harmonic HLIT swing-trade long

Short: Traverlers (TRV)

Travelers TRV 

You Might Like

  • South Korea and its impact on the US stock market.

    South Korea: The Hidden Driver of US Tech Volatility

  • Learn to trade within your means.

    Stop Trying to Hit Home Runs: Start Trading Within Your Means

  • Avoiding traps on stock breakout plays.

    How to Trade Breakouts Without Getting Trapped