Watchlist - Shorts

Here is my short watchlist which is much shorter than my longs.  Same as the longs, I will post all shorts in my watchlist with patterns and the ones I am watching closely will have a chart below.  Please feel to leave any comments or ask any questions

Shorts:

• EFX (chart below)
• GME (chart below)
• HUM (gap fill)
• IRM (chart below)
• LEG (chart below)
• MCK (broken trendline retest)
• MRK (chart below)
• PEP (trendline break)
• ROP (top of channel/support)
• RSH (topping/support)
• TIE (chart below)



EFX

Equifax shows a nice gap-fill and with such a steep run up it could use a nice pull back.

GME

Gamestop has a nice working chart.  It follows trendlines and fibonacci retracements quite nicely.  Even though today it broke its downward trendline it is now down over 3% in afterhours.  It will also gain more resistance from the moving averages above.  Gamestop has already put in a tripple bottom so any more testing of that support could see a major breakdown.



IRM

Iron Mountain has been caught in this downward channel for most of the year.  Now with it trading towards the top it offers a better entry point to continue the ride down.  Again, moving averages above will add more resistance to this stock.



LEG

LEG is probably my least favorite chart since its support is a bit sloppy.  However it still offers a good entry and does have a bunch of resistance above



MRK

Merck has been trading in a nice up trend since early 2009 and has finally broke below the trendline showing weakness.

TIE

Oh, Titanium Metals, how I love to hate you.  TIE broke its upward trendline back in August and is putting in a head and shoulders pattern.  It had a nice retest of its trendline only to quickly sell off.