Another week, another bullish start. The S&P 500 is trying to make this nine straight weeks of trading higher. The small caps are is trying to trade lower for the fourth time in the last six weeks. Pretty amazing how there is a “Tale of Two Tapes”.
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
If only the bulls could hold the gap up Imagine the possibilities – a gap and run, maybe even a move of more than 1% (Gasp! Did I just say that out loud?) Nonetheless, the bulls seem to hate every gap-up to start the day, and spend much of its mornings erasing any good vibes
At this point, what good is a list of short setups. I keep them of course, and will post them tomorrow, but overall, they have been good for nothing really. The market continues to ramp higher, unabated. And if there is some selling, it is minimal, so that any quality sell-off never has any quality
Sometimes I really question my sanity for keeping this watch-list. But usually when I get to thinking that way, is when I soon thereafter, become thankful that I do keep a running list of potential short setups. Right now though, the market and many of its participants, have no idea what a bear market is,
The bulls are at it again here to kick off the last quarter of 2017. Not huge gains by any means, but still a good day nonetheless. My portfolio is doing really well too, with Olin Corp (OLN) rocking it with 6% in profits on the day.
I’m not sure how high, this market can actually get. It has already amazed me how high it has gone already, and wouldn’t put it past it to keep pushing price higher.
Bulls are white knuckling this market making sure it does nothing but go higher. Two problems though with finding quality stocks to trade in the current market:
Here are the bullish setups to follow this week:
I’m not shorting any of these right now, but if the market does sell-off again, a lot of these stocks, especially the financials, will be nice candidates to short.