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Today was a good, profitable day for me, and it feels extra-squishy-good since the market was strong overall (thus, I defied the beast). Below are seven key charts and a few words on each one.
I shorted the small caps Friday early, based on its island reversal, and this continues to be a solid position.
Late today, Monday, I also shorted the Nasdaq as it approached its broken trendline.
My most profitable trade was the miners, of all things, to which I dedicated a premium post early today
Bath and Body Works (BBWI) has completed an enormous right triangle top and looks beautifully poised for much lower prices
Brandywine (BDN) is beginning to fall away from its exception H&S neckline
Floor & Devor (FND) has a gargantuan top, and I imagine the demise of homebuilders will be of aid to this position as well
Lastly, Munro (MNRO) has a multi-year distribution top of enormous proportions, and I’m hoping to hold this one for many months to come
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