I remain relatively light as this silly rally plays itself out. Please take note of each of the resistance levels I’ve highlighted below.
Hey, Jay, whadaya say?
One of the most badly-battered sectors of the market has been in the oil and gas space. Has it bottomed?
He’s still in 43 shorts but these charts show some of the best setups getting oversold.
Even though we had ad bounce in the market, leading to a green ES and NQ, Tim turned out another nice profit in his shorts.
FEEDWhen’s the bounce? When’s the bounce? Who knows. I was playing around with SlopeCharts‘ new indicator dialog, and I like what I see with the 75-day Bollinger Bands. Looks like we may still have some elbow room to the downside.
A long term pattern with ominous implications.
His biggest regret lately has been not sticking with some of the most powerful short sale charts.
I’ve been bearish on retail for months, as you know, particularly by focusing on XRT.
The 200-day exponential moving average is being challenged.