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Lazy Trade Long & Short: DISH & FSL
Swing Trades that are confirmed and ready to go
Today’s market popped early on and we have been in a holding pattern ever since. I’m leaning long and have already added the long position as shown below in Dish Network (DISH) after it popped out of the bull flag pattern early on this morning. I would not be surprised to see us move even higher into the close, once the afternoon trading session gets underway.
I really like the swing-trade short as well, and if we are to show more weakness in the close and it is close to my ideal entry price for Freescale Semiconductors (FSL), I may in fact take it to hedge some of my existing long positions.
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
2013-04-02 11:06:33
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