3 Longs and 2 Shorts To Take Advantage Of
Wild couple of weeks, and when price seems to be dropping day-after-day-after-day with no bounces in sight, it can be very difficult on both the long and short end of things to find ideal plays. On the long-side, you don't want to be trying to catch the falling knife, while on the other hand, you don't want to be shorting a market that is already down over 16%, because the risk reward simply isn't there.
So a bounce over the next few days at the very least would go a long ways in helping to create better risk/reward setups.
In the mean time, here are five trade setups to add to your watch-list, to position you for whatever direction this market decides to take in the days ahead.
LONG: Netflix (NFLX)
SHORT: Marsh and Mclennan (MMC)
LONG: Amazon.com (AMZN)
SHORT: Discovery Communications (DISCA)
LONG: Caterpillar (CAT)