Short Setups For A Stalling Out Market

The bears are in full control of the market so far today. There is no mistaking that.

But the internals don’t appear to be painting as bad of a picture at the moment.

Declining issues on NYSE is over 2000, just barely, but many of the similar sell-offs have been in the range of 2400-2700.

VIX is popping nicely, but not in an overwhelming manner.

T2108 (% of stocks trading over their 40-day moving average) is holding strong and now showing a mass exodus in stocks.

TICKS haven’t been trending overly bearish so far today and been closer to neutral.

I’m sitting on a few possible short setups that I could take today, but I’m not quite ready to pull the trigger. I took profits, minor ones in Facebook (FB) that I held overnight for about 1.3%. Not a lot, but keeping it from turning into a losing trade and if need be, I can get right back into the trade.

Below I have all my short setups listed, and the ones that I will consider jumping into if things really get rough in this market again.