I have a pretty bad headache tonight so I am not going to do a video. I will put the stocks I am watching and as the title states, I had many more short setups than long setups right now. I don't know if that means anything or not - I guess we'll find out. If we don't hold the numbers I mentioned earlier today, then I could see us falling a good amount once again and this rally going up in smoke. I hope that doesn't happen but based on my individual charts I now think it is certainly a possibility. As always, with this market, anything can happen.
Longs Watching For Rest: CSKI, ACM, INSU, AAON, PENN (wish there were more)
Longs Set Up Right Now: GMCR, NVDA (just broke above 50 day today)
Inverse ETFs to Watch: SDS, SMN, QID (all at some lateral support), SKF, SRS, FAZ
Shorts That Are Setting Up: XHB, DSW, GYMB, MW, SWS, STC, KBH, MTH, WBSN, MDR, VFC, CAL, JOSB, USB, RVBD, NTES, AMR, URBN, GPS, BDC, TBL, LCC, GS, NWL, JPM, SQNM, SFG, WAB, UAUA, FSYS, ACO, WFC, MR, WGOV, BECN, GWR, IBKR, MET, C
I think most of these shorts are self-explanatory (right up again 50 day moving average, ready to break down from bear flag patterns) but if you have any questions feel free to ask. Good luck Wednesday.