Pins Prick

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Well, we’re into the less-exciting part of the earnings season, but there are still interesting tidbits here and there. For instance, Pinterest (PINS) just reported….

This goes to prove what I’ve been saying for weeks, which is that in a bear market, you can’t trust bullish setups. Until half an hour ago, PINS looked fantastic (note green tint). But looks what’s happened to it.