My gosh, are the bears the biggest putzes in the known universe? For Pete’s sake, its been 200 days since we’ve had a pullback of any kind! 

I’m fine trading long, I can make my money just as easily to the long side as I can to the long side, but there is a part of me that enjoys making money, while the rest of the market is losing it. That is where the best profit opportunities come from and we simply cannot get a sell-off that extends beyond one day without getting a monumental bounce of ridiculous proportions. 

I mean, C’MON MAN!  You think we are really going to get tax reform done? We couldn’t get healthcare through a Congress both controlled by the GOP! 

I’m not going after the President here, far from it, I’m just looking at the reality of the matter as it applies to the stock market, and if you think that rumors from whatever sources making you believe that the president will get tax reform through, well….I have a bridge to nowhere I’d like to sell you. 

I want tax reform to be accomplished, it would help me, no doubt, but the reality of it is, if you can’t get a bill through the Senate to repleal health care which they voted for countless times before, then it isn’t likely you’ll get tax reform either. 

Be mad at me all you want, but that is where I currently stand on the matter. So yes, I find today’s rally preposterous to say the least. Nonetheless, it isn’t about what I think but what the market wants to do, and right now it is giving the finger to the bear’s attempt to really push this market lower and towards 2400. 

Despite all of this, I have still provided you with my weekly list of short setups. I could still be wrong, and tomorrow or later this week, the market sells off, and if so, wouldn’t it be nice to have some plays to pounce on, if necessary?

Here’s the bearish trade setups:

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