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.
Caterpillar is in the “rent is too damn high” category, and this is a low conviction trade, but – – we’ll see.
Chipotle is breaking down, although it isn’t exactly a picture-perfect portrayal of progress.
Although Futu is a new one for me, I’m in love with this pattern. It’s one of the top five cleanest of any I’m watching.
IonqQ has completed a major top, although this stock hasn’t been around for that long and hasn’t really had the opportunity to express its personality yet.
I am short the small caps, which are breaking down nicely, although with a tight stop.
Meta is an absolute mess.
Micron, similar to my SMH short, has banged out a lower high recently, which is the new basis for my stop.
Cloudflare, as with Credo, did an insane head-fake last week and this pattern is about a B- with respect to quality and clarity.
Hyperscaler financier Owl Capital has a gargantuan top.
Progressive is kind of a bore, but this distribution top is nothing short of massive.
I’ve been disappointed by Royal Caribbean many times before, but I can’t stop tilting at this windmill.
Super Group is another pattern which is absolutely textbook.
Sofi has fallen quite a lot already, and as tempting as it is to take profits, I have found that stocks that behave like this usually just keep falling.
