Long Western Digital Corp (WDC)

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I took this snapshot earlier today when the market wasn’t as down as much as it is now, but as you might guess, I’ve been ungodly busy. Simply put, break this horizontal, and the bears will OWN this market. Oh, and I want to thank all the bulltards for their riduclous ramp-up of the market yesterday. It made shorting stocks and buying puts SO much easier. So………..gracias, dolts!

Is the great bear in the sky really this munificent? I’ve been hitting it out of the ballpark on social media stocks (as my beloved Slope+ readers know). I remain cheerfully long puts on LNKD and FB, although I took profits on one-third of them a little earlier today (a decision I am guaranteed to regret, as federal law requires).

That was an interesting day yesterday and SPX reached the targets I was talking about in the morning at the retest of the 50 hour MA and broken rising channel support. The high falls between two fibonacci retracement targets but otherwise is a model rally high. SPX 60min chart: