It is hard enough just trying to find a short setup, try actually getting some downside out of them.
With as bullish as the market has been over the last three months, it is next to impossible to find a legitimate short setup that can buck this market’s uptrend for any real length of time. Unless of course you are Tilray (TLRY), which has been on my watch-list since 9/11/19, and since then has only fallen 49%. Yup, that should be considered a good one.
PagSeguro Digital (PAGS) has also been on there for nearly the same length of time, and it is down 25%. Outside of those two amazing moves, there isn’t much out there willing to stick it to the bulls and sell-off hard. However, with each passing day, I get more and more nervous about this market and I am looking for opportunities to pounce on if this market gives us a reason for doing so.
Take a look at the bearish watch-list for this week:
