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I tend to run this screen in markets like the one we are currently trading in. Where it is overbought beyond measure, facing overhead resistance, and anything and everything that I measure the market reversal possibilities against, is screaming "Watch-Out Below!". And that is the exact kind of market we are dealing with here. 

So at this point, I'd strongly recommend traders to start tightening up their stops, getting more conservative, because the market does have some gains it needs to give back, and you can either volunteer yours, or step aside and let it do its business. 

While you're at it, take a look at the list of stocks below that are more defensive than growth oriented.  In essence, these stocks represent a good balance of companies that are dependable, stable, usually collect a respectable dividend and hold their value all at the same time and the best measure of its stability is the strength that these plays exhibited during the August/September downturn.

Here are 19 Defensive Plays to consider.

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