Lazy Trade Long & Short: AIG & SONC
Market is on a tear yet again, but if it is like anything similar to the previous four peaks that we've seen off of the 6/4 lows, then it would be easy to surmise that we are probably ready for yet another pullback. But of course once you start catching on to the market and its antics, then it changes everything up on you, so perhaps this time it just keeps ripping higher instead.
Today's trade setups are very appealing - both Sonic (SONC) which I actually traded last week with grerat success is setting up yet again for round 2 with its rise into resistance. American Int'l Group (AIG) is currently trading in a well defined channel but looks very much ready for a breakout to the upside. at $32.46.
Here's today's Lazy Trades:
Long: American International Group (AIG)
SHORT: Sonic (SONC)