Terrorists attacks in France – Bullish, Russian warplane blown out of the sky – Bullish. The market seems undeterred of late, paying little homage to geopolitical events. 

Right now the focus remains on the Fed, and the Fed only. Terrorist attacks can wreck havoc on the market but so far, the havoc has been quickly bought up as we have seen yet again today, with SPX so far rallying 16 points off the lows of the day and sitting just a shade below break-even overall. 

It is dicey right now being short the market, but in the same sense, the bulls need to prove something. If the SPX can’t establish a new higher high on the current uptrend it is on, it throws this whole rally into question. 

But be careful with the shorts… heck be careful with everything. But in particular with your short plays, and if you find yourself adding some names from the list below, make sure you book the gains aggressively in order to minimize the chances of being squeeze out of the position. 

Here’s my list of short setups to watch:

bearish watch-list 11-24-15

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