For the past nine, count them nine market sessions, the bears have had ever opportunity to drive the market lower and they have really failed to do so to any great extent.
If you think being a bull has been frustrating during a pullback that has averaged less than -2 points to the downside per day, then try being a bear, that despite their best efforts cannot find a way to break the backs of this market.
Sure they can bend the market, but just can't break it.
There are gobs of good shorts on the list below in theory, but in practice, as long as this market continues to be supported by the Fed in general and Bernanke in particular, this market is going only continue to rise.
But back to the theory side of things - in theory you do have some great setups to consider: first of which is Sohu.com (SOHU) is forming a nice head and shoulders pattern that will be confirmed below $59.63 and could see a drop as low as $51 or so before bottoming out.
Sears Holding (SHLD) recently broke major support at $42, and could see a bigger move on down to $38. If it breaks the latter price level, watch out!
Monsanto (MON) has consolidated nicely under the resistance at $97.63 and a push down to the low $92's appears imminent.
Here's the rest of the watch-list:
Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida. More >>
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