I don’t expect this dead cat bounce to last for very long.
I am currently holding three long positions – one of them I am for sure going to sell before the end of the day with UPRO, and the other two being swing-trades that I expect to sell as early as tomorrow, but hopefully later in the week, before flipping the script to the short side.
Yes, I don’t expect this market rally to last very long, instead, I’d like to, ideally, get 2-3 days out of it, and then book the profits.
Below I have put a list of stocks that I am watching for possible short setups. Some of them are so downtrodden, they can’t even find a lift from the market today, while others, are playing the bounce, but should slow down once some overhead resistance is tested, and this market looks to push lower again.
Be ready folks, it is likely that this bounce today won’t hold for very long.
Here’s the list of short-setups.