I’m somewhat surprised by the strength that we’ve seen so far in the market today. Europe appears to be on the verge of implosion, and we’re rallying like there’s nothing to be worried about (denial? short-covering?). I’m still long on SCO (oil 2x short), and will likely bail on it, if oil can push above $99, as that has been the source of a lot of intraday resistance. 

Below, continuing on my post from yesterday, I’m providing you with three more short setups that have a lot of appeal to me if this market can turn the corner and begin heading south again. 

Incyte Corp (INCY)

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Spreadtrum Communications (SPRD)

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Telecommunicacoes de Sao Paulo (VIV)

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