There’s no heights this market can reach where I will stop developing a list of stocks to short.
You might be surprised, but I actually have a few short positions in the portfolio. On a day like today, they are actually doing well, and that is with the market trading ‘slightly’ higher. There’s not much resistance overhead, essentially there is a a rising trend-line off of the September highs that continues to push the price back. But it has a steepness to it so that if the market does actually consolidate a few days, it’ll have some head room to keep the rally alive.
I took some profits today in my Shake Shack (SHAK) trade for 12% in profits. It was nice… really nice, and that comes after I was long on fake meat, BYND yesterday and sold the last half of that position for +37% in profits. All posted in the SharePlanner Trading Block – so come check it out!
I’ve added a few more short positions to the list below and am waiting for a few others to actually breakdown. But the one thing I am noticing is how weak a lot the banks and regional banks are starting to look. Keep an eye on those if you are looking to get short on something.
Take a look at the bearish watch-list for this week:
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