Short Sale Watchlist

There are quite a few short candidates that we have been watching hoping to get a bounce for a better entry, for example CTSH, ADSK, PCLN and CTXS, however a lot of them look like CTSH which is a difficult position as they look like they "want" to bounce, but certainly are struggling today.

 CTSH daily, has room to bounce, but is having trouble.

This is CTSH's intraday 1 min 3C which clearly went negative sending it off the best levels of the day.

However the longer, more important 15 min charts still have a positive disposition. I would hate to enter these short here and have the bounce we were looking for materialize. On the other hand, it's op-ex Friday and not a great day for analyzing the market as it will move to some level to pin the options contracts. I would advocate some patience here.