Can the bears make something of this market… finally?

I have been very quiet on the trading front today. I didn’t buy the dip, and so far it looks like that was the right play to make.

The bulls seem like they have gone stagnant the last three trading sessions, and I don’t think we should soon forget what happened back on the 17th of this month when the S&P 500 has its 43 point sell-off.

That could very easily happen again! 

Call me crazy, but I think that we could see another similar sell-off in the near-term. The issue to be concerned with though is how to get short on the market when most sell-offs (actually all of them, of late) last just one trading session. Right now, I have one short position, but have yet to add more for that very reason. 

And today we are breaking the 5-day moving average yet again. T2108 isn’t as bad as I would have thought it would have been, only down 4.3%, but the bigger issue is the fact that the T2108 (% of stocks trading above the 40-day moving average) is only at 41% total, which is certainly bearish. 

Below I have my list of stocks I am watching from a bearish frame of mind, and willing to short if things get a little more dicey. Check them out, know which ones you want to short and the parameters you’ll use in case you need to, so that you are ready.