This was one of those delightful and extremely rare days when I should have done terribly but, instead, every single position went my way in spite of the market (/ES and /NQ) being quite strong. Huzzah! What a countertrend I am!
I wanted to walk through all nine of my bearish positions and share some thoughts on them in the captions. Only the first one is shown to everyone, while the other eight are for paying members only.
I am absolutely thrilled at how Costco is shaping up. As I wrote about in a dedicated post last week (for Gold and Platinum members), there is a ton of juice in this lemon to squeeze. It is my highest-potential position, since it’s so danged overpriced (assuming we don’t all buy five-gallon vats of mayonnaise every day of the week). Get it below that pink zone, and it’s party time.
Here’s hoping this is the start of a H2 that’s very different from H1!
