6/3/13 Watchlist Updated

The watchlist has been updated on the Thrust Monitor area. Only short candidates are included.
IBD has placed the rally "Under Pressure" which agrees with what I am seeing. My general procedure for finding short candidates is to look for highly rated stocks (usually leaders in the rally) that are quite liquid (trade above one-million shares per day) have formed one of two recognizable topping patterns (head and shoulders or late stage base failure), have demonstrated a sharp sell off somewhere in the pattern and are now trading near a resistance point in the chart pattern.

List:
ALXN
BIDU
CLR
COH
HMSY
MNST
ROST
ULTA