The market is obviously very oversold. Nevertheless, the only viable setups continue to be on the short side. The freefall into the closing range on Monday has no candidates that are suitable for our trading plan due to risk reward ratios, but two of the final cut candidates will be on my stocks to watch list.

FMC Corp (FMC) is a Fast Ball short for Wednesday. We will look for an entry below the Tuesday low after the opening volatility settles in.

FMC Corp


Lindsay Corp (LNN) is a Switch Hitter short setup. We will look for a move below the Monday low on wider weakness as indication of a possible entry opportunity.

Lindsay Corp


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Adrian Manz is the author of Around The Horn: A Trader's Guide To Consistently Scoring In The Markets and is co-founder of TraderInsight.com. Email him at adrian@traderinsight.com.