I am spending my weekend in Denver, so I think I’ll just share a few charts as we prepare to enter the “Repealing ObamaCare Was a Dud” market week.
First up is the Dow Composite. I’ve tinted the topping pattern, and we have a nice little shooting star candlestick on Friday.
I have mentioned Finish Line (FINL) again and again and……….again!………as a short candidate, both here on Slope and on tastytrade. Well, the analog I’ve pointed out ad nauseum is really kicking in, dropping nearly 20% on Friday alone.
As is so often the case, my charting was brilliant and my trading was idiotic. I covered this thing earlier in the week for reasons I cannot fathom or even remember. I guess I’m simply the ghey. But in spite of my personal idiocy, I am pleased to have offered up another terrific plunger. Much lower prices to come.