Breakout or Down: Here's Your Swing-Trades
We open lower this morning, the bulls jump in dramatic fashion and pushes the market higher and higher...and higher, then it settles during the lunch hour and trades sideways. Now the question becomes, as we go into this afternoon, whether we rip higher like we saw last Thursday. I'm thinking we do, because that is the precedent that has been established at this point.
Below are four trades: 2 long/2 short that will allow you to take advantage of this market depending on whether it breaks up/down and whichever direction it chooses will likely set the tone for the week.
LONG: Boston Properties (BXP)
SHORT: Goodyear Tire & Rubber Co (GT)
LONG: Carnival Corp (CCL)
SHORT: MBIA Inc (MBI)
Here are the charts & trade setups.