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6 Big Name Short Setups For Tomorrow

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August 14, 2012 – Comments (0) | RELATED TICKERS: FDX , MCD , AXP

We got ourselves a pretty nice sell-off into the close that took us from green-to-red on the day. Being how overbought we are when this occurred, coupled with the light volume, I think there is a better than average chance we continue this mini-sell-off into tomorrow as well. 

So with that, here's 6 short setups that you can put on your radar for tomorrow as we head into its open. 

McDonalds, surprisingly, is on the list - The chart just continues to breakdown when you think it has to break higher at some point. But at this point the chart is decisively bearish. The other one is Fed Ex (FDX) which is putting in a lower-low and may be prime for a move to $82. 

Here's the rest of the big name shorts:

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