Short Setups For Those In The Outer Rim

I provide short setups - because it is in my nature to always have a list of them handy regardless of the market conditions. Now that we have broken out of that two year range that the market has been in since 2014, I don't see a reason to be net-short on this market. If you think we might see some profit taking and a down-day or two, then that is reason to maybe add a hedge to your existing portfolio of long positions. 

But to be calling a top when we just blew through a two-year topping pattern, and nullified a multi-year head and shoulders pattern on every conceivable SPX time frame is a high risk trade. It isn't because it can't still happen, it is just that the market is striking bullish tones around every corner right now. 

For the sake of being consistent though, I always keep a short watch-list available, regardless of the market conditions. With that said, I don't have plans to start building a portfolio of shorts, just want to keep it handy in case it becomes necessary. 

The setups from the list below includes short setups that have rallied hard into resistance. There are few stocks out there that are on the verge of breaking down in the traditional sense with the recent bullishness, but there are a few in my list below, but predominantly the list consists of stocks rallying into resistance or ones that have an active bearish pattern still in the works. 

bearish watch-list 7-12-16

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