The bulls are right on the cusp of new all-time highs on SPX

But the breadth divergence is the worst I’ve seen in a very, very long time. 

As I have mentioned on a near daily basis, something is certainly off with this market. Most stocks are not rallying higher, and almost 62% of them are trading below their 40-day moving average, much less at their all-time highs. 

It is certainly a stock picker’s market, and you have to be careful about where and how you are allocating your capital. While, I have yet to put any new shorts in place, I do have a number of trade setups should I need to, found in the list below. While I have a huge concern for the overall health of this market, it hasn’t materialized just yet into a full blown bearish trading mentality. 

But stay tuned….

Here’s the bearish swing-trading watch-list ot guide you…