Bears are showing signs of life today, namely due to the heavy weakness in the Dow dragging everything else down today. 

If IBM and United Technologies (UTX) report better earnings the market might be making a run towards all-time highs today. But because the Dow is price weighted and not based on the market cap of a stock, a company like IBM can unilaterally wreck havoc on the index. 

You also have Apple (AAPL), Microsoft (MSFT) and Yahoo (YHOO) reporting after the bell today, and the former is guaranteed to shake things up for better or worse. 

I haven’t made any trades yet today though, but I may look to hedge my current portfolio some, if we don’t see  rebound in the market before the end of the day. 

So take a look at the stocks below, and focus in on some that can set you up to the downside, if this market decides, yet again, to start moving lower…again. 

Here’s the bearish list of trade setups:

bearish watchlist 7-21-15

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