While I believe the bearish case has been slowly diminishing over the past few days, I don't believe the bulls have shut the door on any prospect of this market reversing and heading lower yet again.
As I always do, I maintain a long and short watch-list at all times because you never know when the unexpected is going to happen.
At the time of this post, I've included my best short setups that I can find in the market right now, but I'm not short any of them at the moment. Instead, this is the list I will work from if this market reverses course and starts to head lower again like it had been doing prior to last week's rally.
So keep this list handy - there are a number of gems that I would love to take right now, while others need further developing.
There are some very nice bear-flag breakdown patterns that are developing, namely in Youku Tudou (YOKU) and Saint Jude Medical (STJ).
While others like Corsan Limited (CZZ) has moved nicely in a long-term trending pattern, but is showing clear distribution patterns and looking to finally give traders a more extensive pullback.