Look, I want us to keep pushing higher. I am positioned for the market to go higher.
But the bulls are stuck in this nasty sideways trading pattern that keeps seeing hard reversals in both directions.
That makes it hard to make any sustainable progress in the stock market.
Today is a good start for the bulls, but it still needs to break above the highs from last week, to get things going. Right now that hasn’t happened.
Below I have put together a solid watch-list of stocks to short or consider shorting going forward.
My favorites are lodging, airlines and the cruise lines. These industries are getting hammered, and the lodging industry in particular, with names like Hilton Worldwide (HLT), Hyatt Hotels (H)and Marriott International (MAR) are all confirming and breaking below key support level.
Be sure to keep an eye on these stocks the most. They look prime for the short side.
Here’s the bearish watch-list: