I always like to emphasize the short setups for Fridays, as I tend to focus more on the long setups throughout the week (unless we are in a bearish market of course).
The price action seems eerily similar to what we saw on 8/1 and 8/2 and if that is the case, and the price action continues a long that path, we could see a new dose of selling, which would make the shorts below ideal for starting positions in.
Here’s the All-Short Friday Watch-List:
Short: Dow Chemical (DOW)
Short F5 Networks (FFIV)
Short Goodyear Tire and Rubber (GT)
Short MGM Resorts International (MGM):
Short Cabela’s (CAB):