TCK Tock

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It’s been a rotten week for equity bears (Week? How about Month? Year? Half-Decade?) There are still a few good charts out there, though, even in the face of general equity strength. One of them is Teck Resources, which I am long puts and short the stock. It has finally started marching steadily downward.

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This stock has been very stubborn and, until recently, slow to move, but if it can finally break that lower red line I’ve drawn, we’re off to the races.

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