I’m going to be completely honest, there’s no way I’m shorting a single one of these stocks.
The reason isn’t because I don’t think the setups look great, it is because I don’t trust this market enough to turn back down and go notably lower. There is a huge absence of significant negative news pieces out there that could hamper this market bounce that is currently under way.
However, if you are brave enough to short this market, then look no further then those stocks on this list. There’s a few favorites worth shedding light on as well…
DaVita (DVA) has just confirmed a perfect double top pattern, and has about $8-10 of downside if this market reverses course. Lumber Liquidators (LL) also had a double top, and has bear flagged on the bounce with the 10, 20, and 50 day moving averages right on top of the pattern. Finally, Leggett & Platt (LEG) has a great looking head and shoulders patter that has confirmed as well.
Here’s the rest of the watch-list.
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