I wanted to offer some charts of interesting bearish setups of equities that aren’t particularly attractive as options plays (due to modest volume or thinly-traded options) but perhaps could be good, simple short-sales.

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I wanted to offer some charts of interesting bearish setups of equities that aren’t particularly attractive as options plays (due to modest volume or thinly-traded options) but perhaps could be good, simple short-sales.

Well thank God for gold. My self-confidence as a trader had reached unprecedented depths, but in spite of that, I put my best idea forward into GDX puts. In just two days, I’m up 42% on them (and, keep in mind, I do NOT do aggressive positions). Gold’s breakdown is far from over, I think.

It is heartening, to be sure, to see a bit of weakness in the market in spite of the ceaseless interference of that despicable vermin queen Yellen. A couple of days of not-lifetime-highs is no cause for celebration, but dear God in heaven, at least the AI-crazed and BTFP-unhinged lunatics have taken a breather following Independence Day (now THERE is some irony). Thus, here in the wee hours of the morning as I type these words in the western wilds, the /ES has turned away from its June peak.
