Lazy Trade Long & Short: CRM & YELP
I didn't do a Lazy Trade posting on Friday (but that doesn't mean there wasn't a ton of trading ideas posted) so I didn't want another day to go by without doing another one.
The S&P 500 has done a great job of recovering off of the morning lows and holding those new intraday highs. As we come out of the lunch period, I'd expect to see the bulls to give this market another push higher as a result.
In regards to the lazy trades posted below, I'm strongly considering jumping into SalesForce (CRM) shortly after I post this as the 5min and daily charts are providing a great entry to this breakout play.
Here's today's Lazy Trades:
LONG: Salesforce.com (CRM)
SHORT: Yelp Inc. (YELP)