My Top 30 Short Trade Setups

Now that the market has finally had the chance to rally some, work off the oversold conditions (I feel like a broken record saying this) I’ll be putting on some new short positions come tomorrow morning. I’ve heard already some chatter from folks getting more optimistic each day, which even more so, emboldens the contrarian within. However, with the couple of rallies we’ve had this week, there really isn’t anything new worth mentioning. The market is still showing bearish tendencies, the upward trend dating back to July, is totally broken, and we have a series of higher lows and lower-lows being put in successively. So I’m looking at this most recent rally as an opportunity to take advantage of some better opportunities to initiate some new short trades.

Like last week, I am providing you with my latest Short-Setup Watch List, and many of these are prime-for-the-picking. The best part about this list, is that I have ranked them from 1 to 30 along with providing you with the stop-loss that I will be using on each one.

Coca-Cola (KO) – 55.75
Public Storage (PSA) – 83.01
Avon Products (AVP) – 32.68
JPMorgan Chase (JPM) – 42.26
Gap (GPS) – 20.50 (currently in my portfolio)
Stec (STEC) – 17.33
Silgan Holdings (SLGN) – 55.65 
Gymboree (GYMB) – 42.50
Vodafone (VOD) – 22.84
Neenah Papers (NP) – 16.05

Click Here to See the Remaining 20 Short Setups.

Chico’s Fas (CHS) – 14.18
Hartford Financial Services (HIG) – 26.91
Rambus (RMBS) – 24.32
Occidental Petro (OXY) – 83.13
Incyte (INCY) – 10.95
Alcon (ACL) – 160.75
Morningstar (MORN) – 48.39
Georgia Gulf (GGC) – 17.18
Home Depot (HD) – 29.39
Lindsay Corp (LNN) – 42.40
Goldman Sachs (GS) – 168.51
Vector Group (VGR) – 14.51
United States Oil Fund (USO) – 38.65
SPDRs Financial (XLF) – 15.01
Hilltop Holdings (HTH) – 12.05 (currently in my portfolio)
Iiconix Brand Group (ICON) – 13.62
Amazon.com (AMZN) – 131.16
SPDR Gold (GLD) – 110.12
Costco Wholesale (COST) – 60.01 
Clearwater Paper (CLW) – 56.27