• bearish-watch-list-8-5-15

The bears still remain relevant as the bulls struggle to gain any traction.

Today was setting up to be a real ripper in the market. SPX was gapping up nearly 20 points, Apple (AAPL) was finally starting to bounce for the first time in over two weeks and the market after three days of selling and eight of the last eleven days trading lower, was prime for a bounce. 

However, as we have seen over the past four days of trading, once the lunch hour hits, bulls are unable to advance the market any further. Why that is, I have absolutely no clue. Nonetheless, it has happened enough now where it needs to be respected. 

I’ve trimmed my portfolio size some today by closing out Netflix at $124.92 for a 16.1% gain. This leaves me 30% long and 70% in cash. Ideally I’d like to add more to the portfolio today, but with the afternoon weakness upon us that might not be possible. 

Getting short again on this market remains a very real possibility. Right now the bears are lacking in resolve just as much as the bulls are. However, if the selling can pick up in the days ahead, the trade ideas below should be ripe enough to bite into. 

Here’s my short setups:

bearish-watch-list-8-5-15 

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