• short watch list for swing trading strategies

My Swing-Trade Short Setup Watch-List

short watch list for swing trading strategiesWe’ve got a bunch of worthless politicians moving the market all over the place on a daily basis. I mean, it is almost as if Nancy Pelosi whispers to her aid saying “Buy me some TZA – I’m going before the press and I’m going to tank this market”. 

It’s every day they are doing this and I suspect it will continue into early next year until this whole fiscal cliff issue is resolved. 

I’ve actually made one trade today and it was a long position in Chipotle Mexican Grill (CMG) at $278. It had some decent gains in it until Pelosi and Boehner puked all over the markets. 

Enough ranting though, what I have put together is a list of short setups that I am looking at by posting my “Short Watch-List”, which I do every week anyways, and while this market hasn’t broke down by no means, the action yesterday and today does make me a bit more tentative in my trading. 

So I think what I may consider doing before the end of the day, is adding one short position to the portfolio and close out another long position that might not be doing too hot. That’ll help to curb my esposure long without throwing in the towel. 

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