Inside Day

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In spite of the Dow Industrials blasting to their highest point in human history today, the vast majority of my short positions went down in price (AKA a good thing), a few of them substantially so. Another victory for SlopeCharts!


The Nasdaq Composite had an inside day and didn’t come anywhere close to violating its price gap.
 


The same can be said of the Nasdaq 100:
 


The S&P 100 came perilously close to push past its price gap, but, nope, it didn’t.
 


This was a big day for the Dow, which lifted almost 600 points to a new record. Interestingly, it PERFECTLY kissed the underside of its trendline.
 


Likewise, the S&P 500 closed near a lifetime high and, just like the Dow, did a pitch-perfect kiss of its now-broken trendline.
 


It’s utterly unclear how many weeks it’ll be before government data starts flowing again. In the meanwhile, I’ll just focus, as I always do, on individual equities, one chart at a time.


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