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.
In this totally fake, propped-up, fraudulent equity market of the past decade, one part is such horrible condition that even the pinheads in D.C. can’t prop it up is the oil and gas exploration sector.
I present to you American Outdoor Brands Corp., which I just shorted.
I guess with all the success the bears have been having, the bulls had to take their revenge at some time or another. But we still have a beautiful setup.
I think there should be something called “The Amazon Effect“, which is a delusion much of the public holds that, if only they could get onto some hot new IPO, they could make the fortune they should have made if they had bought AMZN.
Since the government won’t permit more than a few days of selling, we were hit with some vague headline about maybe tariffs weren’t going to be smacked in…
The market was grinding lower. Gold and bonds were doing great. Then this morning happened.