Short Set-ups for the Unrelenting Bears

09/02/2015 9:05 am EST

Focus: STOCKS

Ryan Mallory

Contributor, Share Planner

Given the S&P is down 50+ points on Tuesday, Ryan Mallory, of SharePlanner.com, reiterates his stance that traders should be cautious not to blindly trust the bounce; Ryan also shares a short list of set-ups he is currently following and looking to make plays on as the week progresses.

The bears are back in the driver's seat after last week's dead cat bounce. This is none surprising as I have mentioned numerous times in my recent trading plans to not trust the strength of the bounce. I also noted that at the 50% Fibonacci retracement level, we could end up seeing some real trouble start appearing again...and wouldn't you know, the S&P is now down 50+ points Tuesday.

Below is my short list of set-ups that I am currently following and looking to make plays on as the week progresses.

Here's the Bearish Watch-list:

chart
Part 1
Click to Enlarge

chart
Part 2
Click to Enlarge

By Ryan Mallory, Founder, SharePlanner.com

banner

Related Articles on STOCKS

Keyword Image
Snap? Not Just Yet
9 hours ago

Scanning recent IPOs is one of our favorite methods of finding potential new leading stocks, but the...

Keyword Image
The ABCs of Alphabet
9 hours ago

There was ample optimism in January headed into the Alphabet (GOOGL) Q4 earnings report; just two da...