Yes, I am a faith watch-list developer of all things long and short.
But there can’t be that many bears left in this market. I mean, seriously, what has the market done for you at all lately that says, “I need to be net-short?”
Absolutely nothing!
On the flip side the last two months in the market has been extremely boring for the bulls too, but at least the market on the year has moved their way and still barely establishing new all-time highs on a regular basis.
With all that said, I actually have one short position in the portfolio right now with International Business Machines (IBM). I am barely up on it, but who is to really complain about a barely profitable short position.
I may add one or two more before the end of the day, with the leading candidates being McDonalds (MCD) or Tractor Supply (TSCO) – both look weak and want lower prices.
For now, comb over the stocks below as ideal shorts setups and trade those that that are overall have displayed secular weakness of its own apart from the market with a well defined risk/reward parameter.