46 Short Setups with Stop-Losses

18 May 2010
by Ryan Mallory

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.

Enjoy!

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

Click Here for the remaining 36 Short Setups.

Autoliv (ALV) - 55.30
Baldor Electric (BEZ) - 40.15
Emerson Electric (EMR) - 53.90
Live Nation Entertainment (LYV) - 15.99
National Cinemedia (NCMI) - 21.07
Nu Skin Enterprises (NUS) - 32.55
Stryker (SYK) - 60.50
Torchmark (TMK) - 56.92
National Instruments (NATI) - 35.21
Proctor Gamble (PG) - 65.40
Compass Minerals International (CMP) - 81.45
Automatic Data Processing (ADP) - 45.90
Solera Holdings (SLH) - 40.63
Companhia Paranaense (ELP) - 21.45
Penn Va Resource Partners (PVR) - 25.70
HOLDRS Pharaceutical (PPH) - 65.75
iShares S&P Global Infrastructure (IGF) - 34.33
SPDRs Consumer Staples (XLP) - 28.31
Nic Inc (EGOV) - 7.56
Ebix (EBIX) - 17.50
US Airways Group (LCC) - 7.82
American Tower (AMT) - 43.50
Mastec (MTZ) - 13.35
Conagra Foods (CAG) - 25.51
Exelixis (EXEL) - 6.67
Healthcare Services Group (HCSG) - 22.90
Nuvasive (NUVA) - 45.10
Varian Medical Systems (VAR) - 59.82
Cameco (CCJ) - 26.65
Abiomed (ABMD) - 10.15
Accenture (ACN) - 44.79
Plains All Amer Pipeline (PAA) - 58.50
MetLife (MET.B) - 24.33
American Public Education (APEI) - 47.95
Buckeye Partners (BPL) - 64.90
Boardwalk Pipeline Partners (BWP) - 30.15

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