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I’ll start off with a simple fact: on an intraday basis, today was the highest price level in the history of the Milky Way Galaxy on almost every major index. Also, today my entire portfolio was 25 short positions, and of those, 19 closed down and 6 closed up. Added to which, some of the downs were much meatier than the ups, the largest of which was 1.59% (versus -6.05% for the biggest down). The point I am trying to make is that carefully-selected charts can sometimes defy the market.
I’d say China is on better footing than America!
It was a good enough day today to undo all the damage from AMD yesterday. I presently have twenty-five short positions. Here are ten favorites:
For you SlopeCharts users, this is important, so listen up. For years, we’ve had this checkbox in Preferences:
Chinese tech stocks are going down and will go much lower. I was already short Alibaba (BABA, famous for having the CEO with the weirdest skull in corporate history).
