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Lazy Trade Long & Short: MENT & GS



August 10, 2012 – Comments (0) | RELATED TICKERS: GS , MENT

The market has been about as boring as watching grass grow in a desert. However, this range bound market heading into the final hour of this week, looks like it could make a run to finish green for the 6th consecutive day - but it's only pure speculation at this point. But the chart is starting to look better for the first time all day. 

Today's shorts include Goldman Sachs which I took off of my long watchlist and moved it over to my short watch-list instead once I noticed the bear wedge emerging. 

Then You have Mentor Graphics (MENT) which is beginning to breakout and look very promising with its saucer pattern. 

As always - the red line on the chart represents my desired stop-loss and the horizontal blue line is my desired entry price. 

Here's Today's Lazy Trades.

LONG: Mentor Graphcis (MENT)

SHORT: Goldman Sachs (GS)


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