It’s been a long time since I’ve felt so energized about the stock market. Bit by bit, things are truly beginning to break down. I am loaded to the gills with very large put positions on sixteen different instruments right now. Here are eight of them, along with some brief commentary. I have zoomed in on what I consider the most germane portions of the chart.
Seller-of-furniture-made-out-of-cushions Lovesac has completed an exceptionally good head and shoulders topping pattern.
I am just bonkers about Micron. I mean, just look at it.
Likewise, I am nuts about ON Semiconductor. These two semiconductor stocks have the potential for absolute ball-busting wipeouts.
Another overpriced seller of furniture made out of foam, Purple is about to complete a cataclysmic top.
PVH, which I think makes overpriced apparel, finished its topping pattern on Friday.
Ah, here’s our old friend Tupperware, which has already lost 50% from when I first started touting it earlier this year.
The materials sector fund, symbol XLB, needs to cross below that green horizontal to start the party.
Finally, the financials have their own green horizontal which, if broken, sets us up for a trip to at least that supporting trendline beneath.
I don’t make a habit of offering sales, since I think Slope is value-priced anyway, but this weekend I am making an exception since things are finally starting to fall into place for a meaningful downturn in the stock market, which is Slope’s specialty. I’m only offering our highest-end package, Platinum, which has every single feature as well as a promise to include all forthcoming features. Click here to get a lifetime 50% discount. This offer is only good this weekend, and like I say, sales are rare, so grab it while you can.
