When SPX Falters, Jump On These Stocks
Ryan Mallory | Jun 16, 2015 02:36PM ET
S&P 500 got a bounce Tuesday but is by no means out of the woods.
I got out of my trade in (ARCA:SDS) yesterday at 20.68 on a 2.3% gain (entry was 20.21). On Tuesday we jumped into (ARCA:UPRO) at the opening bell and are already sitting on some gains. I don't expect this to be a trade that lasts beyond Wednesday but I do think the bounce could run price up to 2110. Some believe SPX may make another attempt at all-time highs, but I don't see that happening.
At some point in the very near future I expect the SPX to run out of steam on this bounce and start reversing yet again. Once that happens, be ready to pounce on 2 or 3 of the names from the list below that are setting up.
h3 Here's the bearish list of trade setups
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