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.
Centene is, long-term, very bearish, but this is probably my lowest-conviction holding.
Dell, as you know, is a favorite of mine, but it needs to break below the pattern with some gusto. So far, so good, though.
Japan is just one of those “rent is too damn high” type shorts. No pattern at all to speak of. Just the hope that the damned thing will succumb to gravity.
The same largely holds true for GE Aviation, although at least it has banged out a lower high.
Urf, so, yeah, Corning is kind of the same deal too. I love great patterns, but I’ve got a bit ape lately shorting stuff which just seems stratospherically overpriced.
Intel is a very profitable short thus far, but it needs to respect resistance and retrace its massive up-move (funded by the generous federal government’s bailouts).
OK, good, a real pattern again: Nvidia has been grinding it out for nine months now, and as robust as it is – – and hear me well – – a true completion of this top would send the entire tech sector down the same garbage chute that software stocks just descended.
Palantir has been doing just great, and it’s one of a handful of shorts which belong in the category of Stuff I’d Never Dare Short a Few Months Ago which are throwing off the best profits.
Finally, Victoria’s Secret, which provides most of my evening wear, is sloppily painting out what should be a top similar to the one prior. In keeping with the theme of their product line, consider this a sloppy second.
