Tim Knight

Slaughter Secured

FEEDHere’s how things have been going for Tesla shareholders even since the “Funding Secured/Private Sale at $420″ craziness went out, partly due to Elon’s 20-something girlfriend Grimes. It’s been a complete catastrophe, …

Western Digital

FEEDGood morning, everyone. While it seems the world is focused on megacaps like AMZN and INTC, I wanted to share a tech short (one among the 70 positions I have) which few people notice: Western Digital. Here’s the long-term chart: As you can se…

The Netflix Gap

FEEDNow that Netflix’s earnings are well behind us, it is relatively safe to take a look at it as a potential short. To my eyes, the most significant technical feature is the price gap which I have highlighted in two ways below. A trader short th…

Major Trendline Resistance

FEEDThe ETF for the consumer discretionary sector broke its trendline ages ago, but as of yesterday, it perfectly tagged the underside of the now-broken trendline and should treat it as resistance henceforth.
The post Major Trendline Resistance appeare…

Playing with Fire

FEEDThe risks of chasing hot stocks can be illustrated with this morning’s Exhibit A, which is Xilinx. This is one of those company which I have no idea what it does, but it has a name like a Hollywood film would give to some made-up Silicon Vall…

Emerging About-Face

FEEDFor over half a year, the emerging markets have been following a relatively steady ascending channel. About a week ago, they got close to the top of the channel, and they’ve started seeing some meaningful weakness. You can see the bulls vs. b…

Just Be Normal

FEEDIn the autumn of 2017, just for the hell of it, I decided to put on my bull outfit and choose what I considered were the best patterns for long positions. I then bought a pretend $6,000 of each one of them and left it in my spreadsheet ever since. …

Just a Bitcoin More

FEEDAs a follow-up to my bullish post on Bitcoin, which is up about 50% since I wrote about it, my view is that we’re going to encounter some serious resistance soon: somewhere around the psychologically-important $6,000 level. However, Ethereum …