Lazy Trade Long & Short: MENT & GS
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)