• bearish watch-list 1-27-14

The Dip Buyers came in strong this afternoon and are trying to propel the market back to break even possibly. 

Rarely is it a good thing for SPX to open 30 handles lower and expect that it will stay there. Instead the best sell-offs are those that occur when the market opens higher or flat.  There simply are too many people out there still that sees a gap down as a buying opportunity. 

With that said there are still numerous events this week that could ultimately push the market back lower again – Apple earnings and FOMC statement to name a few. So the list below could remain relevant throughout the week if the news continues to disappoint. 

Here’s the bearish list of trade setups:

bearish watch-list 1-27-14

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