The short lived bounce yesterday has turned into bearish pandemonium today with them the market facing a possible 2% decline on the day. 

I added two short positions from the list below yesterday and I added another one today.  All three of which are doing just fine. So I still have 70% cash that I have to work with. But based on what I have seen lately, it still remains a very good idea to remain nimble with the number of positions that are held in the position at one time. 

You have Yom Kippur starting at midnight, so there is a chance, like last week, that tomorrow is another low-volume day for the market. Nonetheless, the S&P 500 is showing every sign that it intends to ultimately test the 1900-13 level with a  possible test of the August lows thereafter. 

For now the bears are breaking out of that sloppy bear flag pattern it had previously been stuck in for the past 3 weeks and I may consider adding an additional 1-2 more short positions to the portfolio based on how this market decides to behave going forward.

Here’s the bearish watch-list:

 Bearish Watch-List 9-22-15

    You are unauthorized to view this page.

You Might Like

  • Learn to trade within your means.

    Stop Trying to Hit Home Runs: Start Trading Within Your Means

  • Avoiding traps on stock breakout plays.

    How to Trade Breakouts Without Getting Trapped

  • how to manage your swing trades when it comes to headline risk.

    Managing Headline Risk: How to Survive the News Cycle Without Losing Your Mind