Sunday Shorts
It’s been a long time since I’ve felt so energized about the stock market. Bit by bit, things are truly beginning to break down. I am loaded to the gills with very large put positions on sixteen different instruments right now. Here are eight of them, along with some brief commentary. I have zoomed in on what I consider the most germane portions of the chart.
Seller-of-furniture-made-out-of-cushions Lovesac (LOVE) has completed an exceptionally good head and shoulders topping pattern.
I am just bonkers about Micron (MU). I mean, just look at it.
Likewise, I am enthusiastic about ON Semiconductor (ON). These two semiconductor stocks have the potential for absolute wipeouts.
Another overpriced seller of furniture, Purple (PRPL) is about to complete a cataclysmic top.
PVH Corp. (PVH) finished its topping pattern on Friday.
Here’s our old friend Tupperware (TUP), which has already lost 50% from when I first started touting it earlier this year.
The materials sector fund, symbol XLB, needs to cross below that green horizontal to start the party.
Finally, the financials have their own green horizontal which, if broken, sets us up for a trip to at least that supporting trendline beneath.
Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...
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