‘Da Bears are back in in charge.
And just like that we are looking at another test of the 200-day moving average on the S&P 500 (SPX). On the Nasdaq 100 (NDX), you have a head and shoulders pattern forming, though not yet confirmed.
And so far, the reaction to earnings season has been less than stellar. Companies are not seeing the dramatic leaps higher that we have been accustomed to seeing, over the last nine years.
With that, I give you my list of short setups that I am following. I have weeded out the companies that have already made a substantial move and simply focused on the ones that are setting up with manageable risk parameters.
