Wild couple of weeks, and when price seems to be dropping day-after-day-after-day with no bounces in sight, it can be very difficult on both the long and short end of things to find ideal plays. On the long-side, you don’t want to be trying to catch the falling knife, while on the other hand, you don’t want to be shorting a market that is already down over 16%, because the risk reward simply isn’t there. 

So a bounce over the next few days at the very least would go a long ways in helping to create better risk/reward setups. 

In the mean time, here are five trade setups to add to your watch-list, to position you for whatever direction this market decides to take in the days ahead. 

LONG: Netflix (NFLX)

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SHORT: Marsh and Mclennan (MMC)

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LONG: Amazon.com (AMZN)

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SHORT: Discovery Communications (DISCA)

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LONG: Caterpillar (CAT)

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