I’m trying to get creative with my titles here, because there is little one can do with short setups of any kind.
Trying to put together a legitimate list of short setups to watch, is not an easy task either. In fact, the people I know that tend to short a lot of stocks in general, have resolved themselves to simply shorting stocks that look too high, or way overbought.
I mean, really, that is the same thing as buying a stock because it couldn’t possibly go any lower, when in fact, IT CAN!
As for me, I had a starter position using a short setup last week, and I closed it out the same day. I just can’t bring myself to hold a short overnight when the market isn’t willing to give us enough to work with, even on an intraday basis to support such a move. And each time I have closed it out, I have been thankful that I did, because the market keeps drifting higher beyond the expectations of everyone involved in this market.
So here’s my watch-list. Unless something changes in the market to warrant it, I don’t plan on making any moves on these trade setups, but when it comes to short setups, this is the best I could find out there after searching through over a 1000 charts.