As I try to do every week, below you will find my current watch-list for short setups. I keep a Long Setup Watch List (which I will be posting tomorrow night) and a Short Setup Watch List, which you will find below, at all times to provide me with the flexibility to "flip-the-switch" should the market make a definitive change in direction that causes me to change my outlook of the broader market. Below you will find 46 trade setups, which is 30 more than what I posted last time. Most of these stocks are ready to be shorted, which means the risk-reward is favorable and the stocks have clear technical price patterns that a breakdown is underway in the stock.
I actually shorted one of the stocks on the list below - (ABMD) at 9.66 today, and has done quite well for me as it closed the day at 9.22. It reports earnings tomorrow, which I am not overly crazy about, but I do have some cushion, in the form of profits to play with, should the earnings send this stock higher.
Other stocks on this list that I currently am shorting include BEZ, SYK and NATI.
One stock that I really like more than any other tomorrow is EGOV.
I've posted the stop-loss next to each symbol to help you with the risk management side of the trade.
Here's My Current Short Watch-List.
Universal Travel Group (UTA) - 9.57
United Therapeutics (UTHR) - 57.90
Superior Well Services (SWSI) - 16.17
ASML Hldgs (ASML) - 33.01
Alcoa (AA) - 13.93
Jabil Circuit (JBL) - 16.45
Scholastic Corp (SCHL) - 29.13
Netease.com (NTES) - 36.41
Teletech (TTEC) - 17.10
Goldman Craps (GS) - 157.25