A lot of people are calling for a market top with yesterday’s big move. 

They are doing that because when SPX made new all-time highs in May and then again in June, we immediately faded and dropped rather hard. So the same is being expected here, but rarely is the market that predictable. So while I would welcome a market sell-off that I could get short on, I am not expecting it. Instead I expect a push at least to the 3000 mark this month. If I’m wrong, I’m wrong and I’ll adjust my approach and get short on the market. Like I said, I don’t mind a market sell-off, I’m just not expecting a substantial one here. 

But nonetheless, I have put together a watch-list of stocks worth considering for shorting. For those wondering what happened to L3 Communications  (LLL) and Harris (HRS), they completed their recent merger and with the new corporate calendar year they are now listed as L3Harris Technologies (LHX) and yes, I have LHX listed on here as a stock that I wouldn’t mind shorting. 

By the way, in terms of corporate names “L3Harris Technologies” could be one of the worst ones I have seen formulated. 

Here’s the watch-list for the bearish short-setups: