The market doldrums – they have been brutal of late. 

Not because they are creating losses, but because momentum isn’t necessarily being sustained. The market gains in the morning quickly fade into the afternoon, only to provide a token rally in the final 15 minutes of trading. 

Rinse. Repeat. 

I’ve contemplated the possibility of taking on a more equal number of long and shorts in my portfolio, but at this juncture, I’m not so sure that it would make much of a difference. The bulls are still trending this market higher, but it is at a very slow and boring pace.  

At any moment that can change, so as long as the bias remains to the upside, I’ll keep trading in that direction. The charts of all the major indices, still look very promising on the daily charts. 

Here’s the bearish short setups, I am watching: