Looks to me like if we ever weaken on the SPY again, there’s ungodly support at the 200-day exponential moving average.

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Here are a couple of travel-related firms that aren’t participating in this most overly-supported equity market in human history. Both of these got zapped hard on Thursday.
This morning in pre-market the Amigos’ futures charts update the macro story…
…which goes something like this…
(more…)I had assumed American Outdoor was a retailer of camping gear or something, but after I bothered clicking the summary link in SlopeCharts, I discovered they were a gun maker. Anyhoo – – I’ve been waiting for this to recover to the neckline, and it has, so I’ve re-entered this short, based on a textbook perfect head and shoulders pattern. My stop-loss is at 8.35:
And for our unicorn IPO disaster of the day, I present to you UpWork, down 50% since its peak eight months ago: