• bearish watch-list 2-23-16

The bears are in full control of the market so far today. There is no mistaking that.

But the internals don’t appear to be painting as bad of a picture at the moment. 

– Declining issues on NYSE is over 2000, just barely, but many of the similar sell-offs have been in the range of 2400-2700. 

– VIX is popping nicely, but not in an overwhelming manner. 

– T2108 (% of stocks trading over their 40-day moving average) is holding strong and now showing a mass exodus in stocks. 

– TICKS haven’t been trending overly bearish so far today and been closer to neutral. 

I’m sitting on a few possible short setups that I could take today, but I’m not quite ready to pull the trigger. I took profits, minor ones in Facebook (FB) that I held overnight for about 1.3%. Not a lot, but keeping it from turning into a losing trade and if need be, I can get right back into the trade. 

Below I have all my short setups listed, and the ones that I will consider jumping into if things really get rough in this market again.

bearish watch-list 2-23-16

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