The bears are simply trying to show us now, how quickly it can blow golden opportunities.

Yesterday's 20 minute sell-off was impressive. For moment there, it looked like it could really, really get ugly, but it didn't. Instead a change to the Senate schedule (favorable towards getting health care and tax reform done) was released and the market wiped out all of the losses on the day. And now the market is partying like it is nobody's business. 

If you are bear in this market, get frustrated all you want, but fighting in, won't change the market's direction. Sure there might be some money to be made (rather quick money because you can't hold on to short positions for long), but the path of least resistance is to the upside. 

Nonetheless, I'm still putting together bearish watchlists - I don't plan to use them anytime soon, unless the market has a change of heart, and then I'd be more than thrilled about putting on some shorts in the portfolio. Right now though, the market isn't giving us that, and that's something that has to be respected. 

Comb over the list, know the stocks you'll use if you do have a market rollover, but don't try to get the cart ahead of the horse. 

Here's the list of short trade setups to watch:

(Click on image to enlarge)