After a wicked sell-off in the final hour yesterday, the bulls are, once again, trying to bounce this market. I’ll be using any strength today, to add two new short positions (detailed in the charts below).
Should be another quiet day on the economic front, as the only other report due out is the Redbook at 8:55am ET
As I’ve already stated, the two charts below are some very solid short setups, and will use any morning strength we might get (after 10am, since I don’t trade the first half hour) to add these to the portfolio.
Here are Today’s Trade Setups:
SHORT: Enersis SA (ENI)
SHORT: Vodafone Airtouch (VOD)