One day does not a trend make, but it’s worth noting the preponderance of shooting star patterns that took place on Monday.

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One day does not a trend make, but it’s worth noting the preponderance of shooting star patterns that took place on Monday.
One company that hardly anyone had ever heard of in April but is the talk of the town today is, of course, Beyond Meat.
Excerpted below is the Opening Notes segment from this week’s Notes From the Rabbit Hole, NFTRH 555. The report followed up this opening with extensive coverage and strategy for US and global markets, internals/indicators, commodities, precious metals (including weekly charts of the miners for a wider view this week) and much more. As usual plenty of stock charts were covered as well for a comprehensive report bringing us completely up to speed on today’s markets.
(more…)I’ve been taking advantage of the market’s strength this morning and have entered 22 new short positions. Ten of them are below, and I’m sharing the other dozen in a Gold/Diamond post. Click on any image for a much larger version.