How long the bulls can put a constant bid underneath this market is anyone’s guess. There’s no doubt we are overbought beyond measure, but that seems to hold little value these days. With that said, I’ve provided a balanced assortment of long and short setups. What’s interesting, is that both long setups revolves around oil, while one of the short setups below is for USO. Go figure.
LONG: Tesoro Petroleum (TSO)
SHORT: Chelsea Therapeutics (CHTP)
LONG: Valero Energy (VLO)
SHORT: United States Oil Fund (USO)
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