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Lazy Trades: Double Shot of the Shorts
Double shorts today in the Lazy Trades. I scoured the universe near and far, and just couldn’t find any setups to my liking that provided a nice edge as a swing-trade. Therefore, I’m coming at you with a double dose of the short setups today .
By the way, if this is the market’s definition of a bounce, it isn’t a very good one, unless we rip hard into the close, which the prospects of is dimming fast.
As a result, I’ve added HOLX as a short at $20.16 on a retest of the neckline of the head and shoulders pattern that was recently confirmed.
Ryan Mallory is the co-founder of SharePlanner Inc, a financial website devoted to Day-Trading, Swing-Trading (both long & short) and exchange-traded funds. Ryan makes a strong emphasis on risk mitigation strategies, trading transparency, and trader education – not to mention a great set of stock screens as well.
Be Sure to Check out Ryan’s Site at Shareplanner.com
2012-11-13 20:41:08
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