The market was at lifetime highs this month, and Tim Knight says he's been shorting everything with a ticker symbol.
On the S&P, he points to two bearish things: a failed trend line from about eight trading days ago, and price below the gap set at last Wednesday's low. The theme of the day is that gap; it's ubiquitous, showing up on nearly every chart he pulls up- the S&P, emerging markets, the overseas names, each below the same overhead gap. He's holding 34 shorts.
Comments
Log in or sign up to join the conversation.