Hard to short at this level, when the market is this overbought
There are tons of short setups out there, but you really need to pick and choose your opportunities. At this point, it is more likely we get a bounce out of this market that sees prices rally for a few days, rather than another leg lower.
If that happens, you and everyone else who is short a stock will be running for the exits and covering their positions. You don’t want to be caught up in that. Instead, wait for the market to find some relief before considering a short on any of these stocks.
Here’s the bearish watch-list of short setups:
