• bearish list of trade setups 9-16-14

Heading into today, stocks looked like they were on the cusp of a significant sell-off. 

But after some rumors circulating about what the Fed will be doing going forward in regards to interest rates, well, the market is back above 2000 and looking to make another push towards all-time highs. 

With the FOMC Statement coming out tomorrow, I don’t necessarily think this is a good time to add either long or short positions. From the short side, the bulls have broken the nicely formed downward channel on the SPX 30 minute chart. However, today’s events reeks of “Buy-the-Rumor and Sell-the-News” type of scenario which would really hurt any new long positions. 

So despite the urge to want to buy something today, I am going to lay off and simply let the market show me tomorrow what it intends to do with itself post-Fed. 

For now keep this list of short setups close by as there is no telling the kind of value it may have tomorrow if the FOMC doesn’t meet the expectations of investors. 

Here’s the bearish list of trade setups:

bearish list of trade setups 9-16-14 

You Might Like

  • Short-term bounce

    The Anatomy of a Short-Term Bounce

  • January Barometer: As January goes, so goes the year.

    January Barometer: As January Goes

  • Losing Trade to Start the New Year

Leave A Comment