Divergence & Champs

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The chart below is simple and, I think, important. At the top is the candlestick chart of the Dow Jones Composite, which has been, thanks to that disgusting pig Powell, banging out higher highs. Beneath it is Slope’s own advance/decline summation index, showing how on the exact same days, the market has been making lower highs. In other words – – bad breadth, and you ain’t gonna cure it with a breath mint.


I presently have 40 short positions. Below are my five best performers. It is certainly my hope to hang on to them for many weeks, if not months, to come.

slopechart WMB
slopechart AIV
slopechart WRI
slopechart RCL
slopechart HEP