It’s a proxy for Chinese trade talks.
This chart is just one of his 60 shorts. Wow.
This thing is going to be a total washout.
Much has been made of the profits that members of Congress make from their inside information about equities. The jury is still out on this one, Nancy’s getting smoked on these trades.
Last week was interesting, because for the first time in over a decade, the market actually responded logically to economic data.
Although the China trade talks should be looming large, it looks like Mr. Powell is going to be yammering on quite a bit in the week ahead.
The brokerage stocks got smoked last week, with good reason. Here’s why, with the charts.
Touting HPQ as a short.
What a surprise, eh? Up until this morning, about 40 minutes into the trading day, it seems that bad economic data actually mattered again. But then came afternoon.
FEEDWednesday was a true blessing. It provided a price gap that’s very valuable for charting, and below I shown some major cash indexes and what I consider to be crucial areas of medium-term resistance.
