Obviously the bears had a fairly difficult time keeping the bulls down from last Thursday’s sell-off.

In fact, pretty much all the losses the market incurred by that sell-off has been wiped away already. 

It is kind of like the ‘chicken and the egg’: are the bulls that good at buying the dip, or the bears that bad at pushing the market lower? For most of this eight-year rally, I would say it was the former, but the inability of the bulls to push the market to substantial new highs over the last four or five months, has me thinking the latter. 

FOMC minutes are out, and by no means would I consider it a bullish reaction. In fact the market has given up all the day’s gains it was sporting earlier. 

I’ve put together a list of stocks you should be watching should this market continue wanting to trade lower.

If that is the case, here is what I am watching in terms of short setups: