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A Couple of Short Sale Recommendations and a Big Mac

This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Welcome back from the holiday, Easter Worshipers. I wanted to share a couple of shorts with you among my 50 holdings. The first is Big Lots (symbol BIG), which broke its long-term trendline a while ago and retraced to its topping pattern.

A closer look reveals have this retailer has been breaking down, price gap by price gap.

The second one is Macerich, which has a gorgeous topping pattern. Although I’m not showing it here, this pattern almost identically matches the one it had a decade ago, which itself was met with disastrous results.

Oh, and as long as we’re talking about Big Macs, let me assure you of one thing: Americans are fatter than ever, gobbling down salty meat and cheese with greater delight than ever before. Don’t believe me? Take a glance at the chart for McDonalds. The fortunes of shareholders have prospered hand-in-hand with the sagging guts hanging over the collective waistline of this once-great Republic. Oink.

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