Key emphasis (for now) being on the word “watch”

I don’t see any reason to add any of those short position listed below to the portfolio until we can see some willingness from the market to start trending lower again, or at least break a support level or two. But lets be honest, that has yet to happen, and despite the fact the market is extremely overbought, and most stocks are extremely stretched, you can’t start shorting stocks, when there is no willingness from the market to trade lower.

It just isn’t happening, and until it does, you have to stay away from adding new short positions, or more so, creating a strong short bias towards the bias, just because you “think” the market has gone up too much. Because really, you have graveyards filled with the trading accounts of people who thought the market had gone up to much, too soon. 

Don’t be one of those. Just watch these names for now…