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Let’s tackle a big subject today, which is how to live our lives thoughtfully. I’ve been giving this some thought and would like to share them with you on this Presidents’ Day. Forgive its length, but, c’mon, the market is closed, so what else are you gonna do?
One of my favorite songs of all time:
I trust everyone is having a good long weekend. Let’s take a look at some major U.S. cash index charts.
First up is the NASDAQ Composite. My spidey sense is that we are going to break below that range before this month is over, which should set off a handsome sell-offf.
Below are the positions in the second of my two “all shorts” portfolios. As always, click on any chart for a much bigger version, and note that dashed red line represents my stop-loss price.
Arm Holdings should honor its massive topping pattern, since all three prior patterns (puny in comparison) performed great.
Below are the positions in one of my two “all shorts” portfolios. As always, click on any chart for a much bigger version, and note that dashed red line represents my stop-loss price.
Broadcom’s top is just dynamite, and I hope it completes. It needs to break beneath the pink zone.
