Short setups in general look no where near as attractive as they did last week, mainly because the SPX has been on fire of late. It has now rallied for 6 straight days, going from 1628 all the way up to 1680. That is downtright impressive if you ask me.
A lot of this is being driven by the fact that a war with Syria is less of a possibility than originally thought. However, if the Syria issue leaves the news, you can fully expect that the Fed and their planned actions in the future will come right back to the forefront.
I'm personally not looking to add any new short positions to my portfolio for the time being. I had Angie's List (ANGI) which I covered yesterday morning at 20.15 for a 3.5% gain. I'm also still holding Monsanto (MON), and for now that will be all.
From the list below, you are essentially hunting for those stocks that look best for shorting the rally which most have lately been on - many of them, such as Team Health Holdings (TMH) have rallied straight into a whole host of moving averages and price resistance levels. That is essentially what you are looking for in the current market environment.
Here's the complete watch-list for shorting:
A lot of this is being driven by the fact that a war with Syria is less of a possibility than originally thought. However, if the Syria issue leaves the news, you can fully expect that the Fed and their planned actions in the future will come right back to the forefront.
I'm personally not looking to add any new short positions to my portfolio for the time being. I had Angie's List (ANGI) which I covered yesterday morning at 20.15 for a 3.5% gain. I'm also still holding Monsanto (MON), and for now that will be all.
From the list below, you are essentially hunting for those stocks that look best for shorting the rally which most have lately been on - many of them, such as Team Health Holdings (TMH) have rallied straight into a whole host of moving averages and price resistance levels. That is essentially what you are looking for in the current market environment.
Here's the complete watch-list for shorting:
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