Today was a good, profitable day for me, and it feels extra-squishy-good since the market was strong overall (thus, I defied the beast). Below are seven key charts and a few words on each one.
I shorted the small caps Friday early, based on its island reversal, and this continues to be a solid position.Late today, Monday, I also shorted the NASDAQ as it approached its broken trendline.My most profitable trade was the miners, of all things, to which I dedicated a premium post early todayBath and Body Works has completed an enormous right triangle top and looks beautifully poised for much lower pricesBrandywine is beginning to fall away from its exception H&S necklineFloor & Devor has a gargantuan top, and I imagine the demise of homebuilders will be of aid to this position as wellLastly, Munro has a multi-year distribution top of enormous proportions, and I’m hoping to hold this one for many months to come
