A fly in the ointment.

Watching today's price action, I could be wrong, but I think this market is on the verge of breaking. The Russell 2000 is sitting at some heavy weekly resistance, the FAANG stocks are taking on some heavy losses, today, and SPX tested the 61.8% retarcement level today and failed miserably - which coincidentally was the same level that the November 2018 level failed at as well. 

Below I have put together my currently list of stocks that are showing some solid short setups, or could be after a few days of selling. And in that case, there will be plenty more to add. 

Here's my watch-list of long setups I am following:

Give me more stimulus!

I truly hate what has unfolded in my homeland over the past month or so. I am really saddened by it all. No longer is there an expectation that companies can fail due to bad management or decisions. Instead we bail them out. That sickens me. No longer do we simply give people enough money to hold them over when they lose their job, but instead we give them a pay raise for being jobless. 

Oil Is Setting the Market on Fire!

The S&P 500 is seeing some of its heaviest selling in weeks. The 11:30 eastern turn came and went with no pop at all. But don't discount the bulls just yet. They have spent years figuring out new ways on how to rally the market into the close. The market internals look like a disaster currently with 8:1 edge for declining issues, while the VIX is starting to peak its ugly head up with a break to the upside and out of a bull flag pattern.