there is a storm coming mr wayne

There’s a storm coming, and you should have your short watch-list ready. 

short watchlist for swing tradingYes, I know, the market is at 5 year highs, and we should all be excited about it, but this is a market that you can never trust, and with us up over eight straight days and at historic overbought levels, while little-to-no one fears this market, it is appropriate to say that we should be guarding our loins. 

I didn’t expect us to finish higher today like it is looking like at this point, but nothing surprises me about this market anymore. What I do know is that this market is as elastic as a rubber-band, so that when you pull too hard in one direction, the result is an equal response in the other and for this market that will be the pullback that is becoming far too necessary at this point. 

In the mean time, here is my current short watch-list and what I will be targeting in the days and weeks ahead. Of course with any watch-list there will be additions and subtractions, but for now this is where it sits. 

Stocks like Watson Pharmaceuticals (WPI) Ann Inc (ANN) and Ellie Mae (ELLI) is offering some of the best opportunities on the list at this point, and the ones I will be targeting going into next week. 

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