BEFORE THE BELL-SHORT DAYTRADE SET UPS FEB 3RD

Today for day trades we are looking to be against the market. Watch for these patterns to fail, moving higher left to lower right on your intra-day screen.

These stocks are extended above their upper BBands and have some form of exhaustion, ie: Bull engulfing, DOJI, Pierce Line, etc.

Check the stock beta, compared to the market, then you can calculate a downside target.

This of course will depend on overall market direction. If market is extreme bullish, then NO SHORTING. (After open 30 min, if fades, then short patterns higher left to lower right)

Tim Kathlina