I was already short TSLA. I added some more. This company remains jumping-up-and-down overvalued, and the pattern has now failed. Bombs away, Elon!
Well, Lannett (LCI) hasn’t totally behaved itself, as you can see from the modest violation of its otherwise clean channel pattern. All the same, I’m short it, since the risk/reward is attractive, and I’ve got a tight stop at 68.49.
I shorted the mid-caps yesterday, based on this trendline. So far, so good…….
This market just does not seem to want to break. A few stocks, here and there, are inching downward on a more consistent basis. Here’s a favorite:
Well, I’m not sure where Jack is, so I’ll put in a comment cleaner (although it isn’t total junk; this is actually a decent idea): I’ve been waiting for precious metals to close up their gaps. Gold has come close enough for me to take action, so I shorted GLD a little earlier this morning, and I’ve put 114.85 in place as my stop-loss price.