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Preface to all four parts: In the face of a brutal, brutal bull run over the past ten years, the past twelve months, and the past nine weeks, a lot of otherwise good shorts have been obliterated. I have a stable of 40 surviving shorts, which I am sharing this weekend in four equal parts.
Any Slopers up for Show-n-Tell?
Nothing to do with the markets, this is an escape from same, a tour of a current project of mine.
There is satisfaction for me in cleaning and fixing, to use again, stuff I’ve collected . Especially making something unique. It’s why I liked redoing old houses: I did it my way. That was the satisfaction. Having my fun with the job.
(more…)Preface to all four parts: In the face of a brutal, brutal bull run over the past ten years, the past twelve months, and the past nine weeks, a lot of otherwise good shorts have been obliterated. I have a stable of 40 surviving shorts, which I am sharing this weekend in four equal parts.
I last wrote about the FAANG stocks in my post of November 4.
It looks like FNGU did bite back and reached its next Fibonacci Retracement resistance level at 47.34. In fact it hit a high of 48.90 last week before closing at 47.72, as shown on the following weekly chart.
The Balance of Power has shifted from buyers to sellers last week from the prior week. It will be important for price to rally and hold above 48.90 to reverse this shift in sentiment.
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