It’s been a GREAT day so far, with oil fueling the fire of my short-sale profits. Unrelated to that, a Sloper (with whom I correspond via email) brought the stock FIZZ to my attention. It has, as you can see, been ascending mightily, and yesterday, for the first time ever, I decided to short it Just For the Hell Of It. So far, so good! I got lucky.
YES! It’s finally happened! After all this waiting, crude oil has finally shattered the support level I’ve been watching for so many months. Ever since Gartman did his widely-followed broadcast on April 11th instructing people how to take advantage of the bull market in energy, the commodity has fallen EVERY SINGLE DAY with only a single exception. This is very exciting.
ORLY has dropped about thirty dollars since I did this post last week. I suspect it has much further to go.
During last Monday’s totally retarded French election rally, I was still brazen enough to suggest shorts, such as this one. Heh.
Exactly as I predicted………
I covered this position for a nice profit. Thanks, Lady Di!
Well, today went really well. I closed up 2.2% on my entirely-short portfolio. More important, Slope Plus has been knocking it out of the park lately – – just about everything tumbling out of Plus has been working out great, with the minor blemish that I mentioned I’d be taking profits on NUGT this morning, which simply kept going higher. But, hey, it was still a good idea!
The ES is still nicely configured for weakness. It’s slowing going, but at least it’s south.