Short Setups To Watch - June 1, 2016

It is the same story that we have seen since February: the bears, in the first ten minutes of trading, come out looking like they want to drive the S&P 500 down 40 points on the day. Then suddenly, you use the bathroom and you come back to find they are hanging on to the ledge of the cliff with just their pinky finger. On one hand it provides a safety net for the naive to keep adding every time on the dip, the problem with that though is that type of trading eventually burns you really bad when the dip buyers don't come around to bail out you. On the flip side it is hard to take any sell-off in the morning by the bears serious because with an entire 6.5 hours of trading ahead, there is a good chance that the bears will lose their grip on the market. 

Ultimately it is better to see the afternoon selling come in and get short off of a break of key support levels that take place in the afternoon and not the morning. 

So once that happens, know from the list below what stocks you want to add to your portfolio as short setups and be ready to pull the trigger. 

Here's the list:

bearish watch-list 6-1-16

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