Interesting Set-up

The market was extremely upbeat last Tuesday. It was somewhat subdued yesterday. The major indices were still showing a downtrend though they had been ranging for the past 3 months. The indices were or near its resistance level. The Tuesday strong rally followed by yesterday indecision provided a good setup for shorting.

The Non-Farm Payroll figures will be released tommorrow followed by the earnings results starting next week. I expect earnings results to be bad.

Among the stocks under my radar for possible shorting (need confirmation candle though):

• FDX
• LEH
• C
• BBY
• RYL
• LEN

Do your due diligence though.

PersianCat (Millionaire-in-progress)