An intolerable market this thing is becoming

lazy fitness swing-tradesThe biggest irritation with this market, is the lack of conviction. We are drifting and luckily for bulls we are drifting higher. But with that said, you can’t get a real sense of conviction out of the bulls. The gains that do happen, occur within the first 15-20 minutes of trading followed by mind-numbing sideways trading. Then you’ll get an additional 4-5 days of consolidation as well. Daily ranges of 2 points are becoming the norm, not the exception. 

Long or short, I don’t care, lets just get some conviction on where it wants to go. 

Here’s today’s Lazy Swing Trades

Long; Ocwen Financial (OCN)

Ocwen Financial Corp OCN swing trade setup long

Short: Actavis (ACT)

Actabis ACT head and shoulders swing trade short setup

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