This bounce today is totally different than the one we saw on Monday.

The strength is there, it is actually pushing above the 5-day moving average and breaking through the previous day’s highs. Monday’s rally had none of those qualities to it. It was simply a dead cat bounce. As a result you have to shift your attention to the long setups. And yesterday, I posted a nice list of long setups that you should be watching. So here is to me hoping that you took advantage of that list today….I know I did. 

And it might not seem applicable, but I am going to publish my list of short setups right now too, because 1) I do that every week regardless of the market 2) I didn’t think yesterday I would need to add 3 new long positions, but I did. 

So who knows if we’ll need this list tomorrow, but it doesn’t hurt to be prepared and thinking one step ahead of this market. 

Here are my short setups

Bearish Watch-List 9-15-16

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