Lazy Trade Long and Short: GGC & SODA
A difficult session to trade today
Today I have yet to make a single trade. Not because I'm not a willing to participate, but because when the market gaps down like it did today, from a swing-trading stand point, it makes it very difficult to get short the market without chasing the market, and with confirming bearish patterns on the SPX confirming at this point (who knows what the close will bring) I'm not really all that crazy about getting long on anything.
So for now my inclination is to the short-side as i have been for the past week or two. And wait for the tight risk setups that will let me know fairly quickly whether I'll be right or wrong on the trade. SODA setup posted below is my most likely trade I could make today.
Here's today's Lazy Trades Long & Short:
LONG: Georgia Gulf Corp (GGC)
SHORT: SodaStream Intl (SODA)